Hersey's stock climbs above Mondelez's per-share buyout bid reported by WSJ
MARKETWATCH 12:01 PM ET 6/30/2016
Symbol Last Price Change
HSY 112.8793up +15.7393 (+16.2%)
MDLZ 43.7down +0.73 (+1.7%)
QUOTES AS OF 12:09:00 PM ET 06/30/2016
Hershey Co.'s (HSY) stock (HSY) ran up 15% in active midday trade Thursday, but was overshooting the $107 per-share bid that The Wall Street Journal reported that Mondelez International Inc.(MDLZ) had made for the chocolate giant. Hershey's stock was changing hands at around $111.50, or 4.2% above WSJ-reported bid, and 0.6% above the Jan. 22, 2015 record close of $110.78. Trading volume in Hershey had reached 11.6 million shares by 12 p.m. ET, which was more than eight- times the full-day average, according to FactSet data. Mondelez's(MDLZ) stock climbed 1.7%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
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06-30-161201ET
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Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
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