Consumer
Mondelez Exploring Takeover of US Chocolate Maker Hershey
- Chicago-based Mondelez has made a preliminary approach
- Mondelez walked away from potential Hershey deal in 2016
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Mondelez International Inc., the snacks and sweets company, is exploring an acquisition of iconic US chocolate maker Hershey Co., in a potential deal that would create a food giant with combined sales of almost $50 billion, according to people familiar with the matter.
Chicago-based Mondelez has made a preliminary approach about a possible combination, said the people, who asked not to be identified because discussions are private.