(Reuters) – Cadbury- moms and dad Mondelez International is discovering the purchase of delicious chocolate manufacturer Hershey, Bloomberg News reported on Monday, mentioning individuals aware of the issue.
Mondelez has actually made an initial technique regarding a feasible mix, Bloomberg reported.
Mondelez had a market capitalization of about $84 billion, while Hershey was valued at $35 billion since Friday close.
Shares of Hershey climbed 17%, while those of Mondelez were down around 4%.
Spokespeople for Mondelez and Hershey did not promptly reply to ask for remark.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Anil D’Silva)
