By Dean Seal


--Mondelez International is exploring an acquisition of the U.S. chocolate maker Hershey, Bloomberg reports, citing people familiar with the matter.

--The tie-up would create a food-making behemoth with almost $50 billion in sales, according to the report.

--The Chicago-based Mondelez has made an initial approach about a possible merger, the sources told Bloomberg.

--Mondelez previously sought a deal with Hershey but walked away in 2016 when the chocolate maker rejected its $23 billion bid.

--A representative for Hershey declined Bloomberg's request for comment. A representative for Mondelez declined Bloomberg's requests for comment.


Full story: https://www.bloomberg.com/news/articles/2024-12-09/mondelez-said-to-explore-takeover-of-us-chocolate-maker-hershey


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

12-09-24 1039ET