Kraft Heinz Takeover Update: Mondelez Shares Soar Amid Acquisition Rumors, Sources Deny Deal Talks
December 17, 2016
Mondelez International’s shares jumped by as much as 12 percent in extended trade Wednesday after a report suggested that the global snack giant may be acquired by Kraft Heinz. Sources, however, have reportedly denied that the companies are in touch over any such possible deal.