Why Hershey Stock Soared Today
In 2016, Mondelez International failed in its attempt to buy Hershey (NYSE: HSY). Now more than eight years later, Mondelez is reportedly trying again.
According to Bloomberg, Mondelez just approached Hershey in hopes of acquiring it. And that's why Hershey stock was up 12% as of 1:30 p.m. ET.
Back in 2016, Mondelez tried to buy Hershey for $23 billion. Hershey rejected the offer and it's arguably been a good decision. Since the offer was rejected, Hershey stock is up more than Mondelez stock after factoring in dividends.
Source Fool.com
Hershey Co. Aktie
156,54 €
-0,61 %
Derzeit ist die Community gegenüber der Hershey Co. Aktie mit 11 Sell-Einschätzungen und 3 Buy-Einschätzungen eher negativ gestimmt.
Ein Kursziel von 134 € für Hershey Co. zeigt ein leicht negatives Potenzial im Vergleich zum aktuellen Kurs von 156.54 €.
