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Mondelez is once again considering a takeover of Hershey Co., having previously attempted a $23 billion bid in 2016 that was rejected. Currently valued at approximately $40 billion, a successful acquisition would surpass this year's largest deal, Mars Inc.'s nearly $36 billion purchase of Kellanova. Hershey's shares have declined about 6% in New York trading this year.
Mars Inc. is preparing to issue investment-grade bonds early next year to finance its $36 billion acquisition of Kellanova. While the bond sale could occur in December, it is more likely to take place in 2024. The company secured a $29 billion bridge loan from Citigroup and JPMorgan Chase to support the deal, expected to close in the first half of 2025.
The global pet healthcare market is projected to grow from $239.29 billion in 2023 to $255.96 billion in 2024, with a CAGR of 7.0%. Key drivers include an increasing pet population, advancements in veterinary care, and a focus on preventive health. By 2028, the market is expected to reach $353.66 billion, driven by trends such as pet humanization and economic prosperity.
Mars Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
mondelez considers acquisition of hershey in potential record deal
16:42 09.12.2024
mars plans bond sale to finance kellanova acquisition next year
16:23 26.11.2024
global pet healthcare market projected to reach 353 billion by 2028
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