One of the largest food and beverages conglomerates in the world, Mondelez could be on their way to building the biggest candy and chocolate manufacturing company in the world, if the reports about its unsolicited bid for Hershey's turns out to be true. According to several reports and sources close to the developments, Mondelez, which makes popular products like Oreo and Chicklets among other things, has proposed a cash plus stock deal to Hershey's and what might come as a news to many, the deal has been in the works for some time. According to CBSNews, "The cash-and-stock offer values the iconic maker of Hershey bars and Reese's Peanut Butter Cups at $107 a share, according to a person familiar with the situation. Informal talks between Mondelez, which was spun off from Nabisco in 2012, and Hershey have been underway for the past few months, though a formal offer wasn't presented to Hershey until recently.Terms of the deal weren't disclosed, but the offer is expected to top Hershey's $21 billion market capitalization shortly before Mondelez submitted its bid."

Hershey's, which is the largest manufacturers of chocolate in America, was established in the year 1894 and is currently controlled by the Hershey's Trust, however no statements have benn made by the trust thus far. Shares of Mondelez rose as news filtered into Wall Street and it seems that investors believe that could be a fruitful deal for all concerned. However, a spokeperson belonging to Mondelez refused to comment on the whole thing. 

The CBSNews report went on to add, "Whether joining forces with Mondelez will amount to a sweet enough deal for the Trust, which owns 8.4 percent of Hershey's stock and 81 percent of its voting power, is hard to say. In 2002, the Trust ultimately rejected a $12.5 billion takeover bid from chewing gum maker Wm. Wrigley Co. that it was on the verge of accepting after alumni of the Milton Hershey School, Pennsylvania's attorney general and others raised objections."