Mondelez International To Go Ex-Dividend On December 31st, 2024 With 0.47 USD Dividend Per Share
December 11th (Eastern Time) - $Mondelez International(MDLZ.US)$ is trading ex-dividend on December 31st, 2024.Shareholders of record on December 31st, 2024 will receive 0.47 USD dividend per share
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TD Cowen Maintains Mondelez International(MDLZ.US) With Buy Rating, Maintains Target Price $75
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According to reports, Hershey (HSY.US) rejected the acquisition proposal from Mondelez International (MDLZ.US) due to the low quote.
"Bloomberg" reported that the controlling shareholders of the USA chocolate manufacturer Hershey (HSY.US) rejected the preliminary acquisition offer from Mondelez International (MDLZ.US), stating that the bid was too low. Mondelez's stock price recently rose by about 3%, while Hershey's fell by 3%. Additionally, Mondelez approved a share buyback authorization of up to 9 billion dollars on Wednesday and stated its commitment to its capital allocation priorities, including reinvestment in its brand and focusing on a strategy for acquiring supplementary assets.
Mondelez International: Strong Buy Rating Backed by Strategic Initiatives and Significant Upside Potential
Main Hershey's Owner Said to Decline Mondelez's Offer, Bloomberg Reports
Express News | Most stakeholders at Hershey will reject Mondelez International's acquisition proposal, believing that the Quote offered is too low.
Express News | Market News: It is reported that the main shareholders of Hershey rejected the Quote from Mondelez International, stating that the Quote is too low.
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Is it just a matter of time before swallowing "Hershey chocolate"? Mondelez International (MDLZ.US) is planning a major expansion of its snack portfolio.
In 2016, the early acquisition initiated by Mondelez International was blocked by Hershey REITs; now, Hershey faces higher costs and a major trend of Industry consolidation.
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Express News | Corrected-Buzz-Mondelez International Rises on New $9 Bln Share Buyback Program, "Bolt-on" Acquisition Strategy
Express News | Hershey Shares Down 5.2% Premarket
Hershey Tumbles After Mondelez Announces $9B Share Repurchase Authorization