Mondelez has reportedly made an offer to buy Hershey and now the stock is spiking

Snack food giant Mondelez has made an offer to acquire Hershey, according to a Wall Street Journal report.

Following the report, shares of Hershey were up as much as 19% to north of $116 per share.

CNBC’s David Faber added that talks between the company have been going on for a few months.

Here’s the spike in Hershey stock in morning trade on Thursday.

More to come …

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