Mondelez International (Nasdaq: MDLZ) has agreed to acquire Grupo Bimbo’s confectionery business, Ricolino, for $1.3 billion. The company seeks to fund the deal through issuance of debt and cash in hand. Also, the transaction is expected to close in the late third quarter or early fourth quarter of 2022. Mondelez manufactures food products like biscuits and chocolates under some of the most famous names such as Oreo, Milka, and Cadbury. Whereas, Ricolino sells under names such as Vero, La Corona and Coronado and makes confectionery products like lollipops, marshmallows, chocolates and gummies.
https://www.tipranks.com/news/mondelez-strikes-deal-to-strengthen-presence-in-mexico?utm_source=advfn.com&utm_medium=referral
Mondelez (NASDAQ:MDLZ)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Mondelez Charts.
Mondelez (NASDAQ:MDLZ)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Mondelez Charts.