12:21 PM EST, 12/09/2024 (MT Newswires) -- (Update with Mondelez's ( MDLZ ) response to a request for comment in the final paragraph.)

Mondelez International ( MDLZ ) is exploring an acquisition of Hershey (HSY) that would create a company with combined sales of nearly $50 billion, Bloomberg reported Monday, citing unnamed people familiar with the matter.

Mondelez ( MDLZ ) has made a preliminary approach about a deal, Bloomberg reported, citing the people familiar with the matter.

Mondelez ( MDLZ ) declined to comment to requests made by MT Newswires, while Hershey did not immediately reply.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 61.24, Change: -1.63, Percent Change: -2.59