Mondelez says to focus on bolt-on deals amid report of deal talks with Hershey-February 2024-www.financetom.com

Mondelez says to focus on bolt-on deals amid report of deal talks with Hershey

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Mondelez says to focus on bolt-on deals amid report of deal talks with Hershey

Dec 11, 2024 5:42 AM

Dec 11 (Reuters) - Cadbury-owner Mondelez ( MDLZ ) said

on Wednesday it would focus on "bolt-on" deals as it announced

an up to $9 billion share buyback program.

Earlier this week, Bloomberg reported that Mondelez ( MDLZ ) was

exploring the acquisition of chocolate maker Hershey.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil

D'Silva)

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