A long wait seen for any Hershey-Mondelez deal

• A merger between Hershey (HSY +0.8%) and Mondelez International (MDLZ +0.8%) is seen by Stifel Nicolaus analyst Christopher Growe as unlikely to occur until 2018.
• Growe thinks the Hershey Trust won't be in a position to evaluate an offer until at least then.
• Shares of Hershey are higher on the day after Hershey announced the resignation of CEO John Bilbrey.
• Source: Bloomberg News
• Previously: Hershey confirms CEO retirement, backs guidance (Oct. 14)