Traders sour on Hershey as Mondelēz appears cool to potential merger

Group 1 - Hershey shares declined as traders reacted to news indicating a lower likelihood of a merger with Mondelēz International [1][4] - Mondelēz announced a focus on acquiring brands that are easier to integrate, alongside a stock buyback plan [2][3] - Hershey previously rejected a low acquisition offer from Mondelēz, which had attempted a takeover in 2016 [3][4] Group 2 - Following the news, Hershey's shares fell approximately 3%, while Mondelēz shares increased by a similar percentage [4]