Mondelez, the multinational snack company, will buy Emeryville-based Clif Bar best known for its energy bars that cluster at the bottom of a hiking backpack, for $2.9 billion.
Mondelez announce It plans to acquire Clif Bar on Monday, noting that the purchase price could rise depending on its financial performance through 2025 and 2026. The company is headquartered in Chicago and owns popular snack products such as Oreo, Cadbury, Ritz, Sour Patch Kids and Toblerone.
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