Mondelez ends Hershey interest Archives - Just Food
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Mondelez ends Hershey interest

Mondelez International on China, Hershey and Q2 results – 6 Things to Learn

Mondelez International on China, Hershey and Q2 results – 6 Things to Learn

Mondelez International yesterday (28 July) reported its second-quarter and half-year numbers, leading to the US snacks giant's shares sliding almost 3% in the New York. The Oreo maker's operating margins and underlying earnings per share beat analyst forecasts - but growth in revenues on organic basis was weak and the company is now less certain about its forecast for annual sales. There was also plenty for Mondelez to discuss beyond the financials, notably its push into chocolate in China and its interest in Hershey.

Mondelez’s bid for Hershey – 5 things to know 

Mondelez’s bid for Hershey – 5 things to know 

Hershey turned down a takeover approach from Mondelez International last week (30 June). At US$107 per share, the cash-and-shares offer valued the Reese's Pieces maker at approximately US$22.83bn. Here is just-food's summary of what you need to know about the deal.