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Mars To Buy Kellanova For $36B: Deal Would Rank Snickers Maker Among 3 Largest Private Companies
Wednesday, August 14, 2024 - 2:43pm | 523Mars — the packaged food conglomerate that owns Snickers, Cheez-It and other snack brands — will soon add Pop-Tarts, Eggo Waffles, Pringles and more to its portfolio.What Happened: The McLean, Virginia-based company is set to acquire Kellanova (NYSE:K) for $36 billion, or $83.50 per share....
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Candy, Cookie Manufacturer Mondelez Restarts Oreo Factory In Ukraine, Eyes Independent Russian Operations
Friday, May 31, 2024 - 10:45am | 460Mondelez International Inc (NASDAQ:MDLZ) has resumed production of its popular Oreo cookies in Ukraine, following extensive damage to its factory in the eastern part of the country during Russia's invasion two years ago. The company announced that its facility in Trostyanets has been fully rebuilt...
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How To Win An Edible Xbox Controller And Willy Wonka-Themed Xbox Series X
Wednesday, November 15, 2023 - 4:02pm | 415Microsoft Corp. (NASDAQ: MSFT) introduced a unique promotional campaign featuring an "official edible controller" and a Willy Wonka-themed Xbox Series X. The novelty lies in a chocolate replica of the Xbox controller, designed to align with the upcoming "Wonka" film, Xbox...
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Hershey Looks Appetizing On Pricing & Strategic Buyouts
Wednesday, May 10, 2023 - 5:20pm | 785The Hershey Company (NYSE: HSY) appears well positioned on robust pricing actions. The leading snacks company has been undertaking buyouts to augment brand strength and boost revenues. These upsides fueled first-quarter 2023 results, with net sales and earnings surpassing the Zacks Consensus...
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Bored Apes That 'Melt In Your Mouth, Not In Your Hands' Are Coming To This Candy Company
Wednesday, August 24, 2022 - 4:52pm | 748One of the most popular candy brands in the world is the latest to see a partnership signed with the owner of a popular non-fungible tokens (NFTs) collection. What Happened: Mars partnered with KINGSHIP, an NFT Supergroup featuring Bored Ape Yacht Club NFTs and Mutant Ape Yacht Club NFTs...
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These Are The Cannabis Industry's Biggest Tricks and Treats So Far
Wednesday, October 27, 2021 - 1:25pm | 1113Halloween is almost here. As costumed revelers prepare for a weekend of celebrations, the cannabis industry readies for the beginning of the holiday shopping season just around the corner. Green Wednesday, Black Friday and December holiday shopping sales dominate the collective minds of...
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9 Corporate Logo Designs With Hidden Messages
Friday, October 22, 2021 - 8:20am | 755A corporation’s logo can be an extremely important part of its brand and have a major impact on how that company is perceived. First impressions are priceless, and a logo is often the first thing a potential customer or investor sees when researching a company. @TrungTPhan, a business and...
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Why Is Goldman Sachs Sweet On Hershey Stock?
Thursday, April 15, 2021 - 11:54am | 242Marking the strongest growth since 2014, Hershey Co (NYSE: HSY) generated robust EBIT growth in 2020 driven by gross margin expansion “that was amplified by expense controls,” according to Goldman Sachs. The Hershey Analyst: Jason English upgraded the rating for Hershey from...
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Hershey's Earnings: Sweet Treat Or Sour Candy?
Friday, October 25, 2019 - 12:26pm | 603Hershey Co (NYSE: HSY) reported mixed third-quarter results and lifted part of its full-year outlook. The Analysts BMO Capital Markets analyst Kenneth Zaslow maintained a Market Perform rating on Hershey stock with a price target lifted from $133 to $138. Bank of America Merrill...
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What Are 'Stable Coins'?
Monday, November 19, 2018 - 5:12pm | 616Bitcoin, the most widely traded cryptocurrency, just marked a decade of existence. In that time, digital currencies — which are thought to hold advantages such as security, quick settlement, low transaction fees and decentralization — have not made as far of inroads as their...
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Hershey Faces 'Big Challenges' Ahead, Credit Suisse Says In Downgrade
Wednesday, June 13, 2018 - 10:43am | 410Consumers continue to demand more convenient retail shopping options, and this has a negative impact on confectionery and chocolate companies like Hershey Co (NYSE: HSY), according to Credit Suisse. The Analyst Credit Suisse's Robert Moskow downgraded Hershey from Neutral to Underperform...
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All You Need To Know About #NationalCandyDay
Saturday, November 5, 2016 - 7:44pm | 779One would assume Halloween is enough of a "candy day" for the United States to not need another dedicated day in this fall season. However, this does not seem to be the case. Quite the opposite, November 4 – just a few days after All Hallows' Eve — is the #...
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Nestlé Acquires Majority Ownership of Chinese Candy Company
Monday, July 11, 2011 - 6:22am | 272Nestlé (PINK: NSRGY) announced today that it intends to acquire 60% ownership of Hsu Fu Chi, a leading manufacturer and distributor of confectionery products in China, listed in Singapore (HFCI:SP). The deal will cost Nestlé about $1.7 billion.The move will allow the candy maker to solidify its...