Hershey Co. (HSY) Stock Price Soars On Mondelez International Inc. (MDLZ) Takeover Bid Report

This story was updated at 11:35 a.m. EDT.

Hershey Co.’s share price jumped 21 percent Thursday morning, touching a record high of $117.79, amid news that Mondelez International Inc., the maker of Oreo cookies and Cadbury chocolates, has made a takeover bid for the company.