Hersey's Stock Climbs Above Mondelez's Per-share Buyout Bid Reported By WSJ

By Markets MarketWatch Pulse

Hershey Co.'s stock 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. 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 stock climbed 1.7%.

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