Market Updates
Mondelez to Acquire Clif Bar & Company for $2.9 Billion
Scott Peters
21 Jun, 2022
New York City
Mondelez International Inc gained 1.3% to $59.57 after the company agreed to acquire Clif Bar & Co. for $2.9 billion and additional earnings contingent payouts.
Clif Bar & Company will continue to operate its business from its headquarters in Emeryville, CA and company will also continue to manufacture its products in its facilities in Twin Falls, Idaho, and Indianapolis, Indiana.
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