Mondelez to Buy Energy Bar Maker Clif Bar for About $3 Billion

Mondelez to Buy Energy Bar Maker Clif Bar for About $3 Billion
Mondelez International logo and stock graph, on July 26, 2021. Dado Ruvic/Illustration/Reuters
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Mondelez International Inc said on Monday it will buy energy bar maker Clif Bar & Company for $2.9 billion to expand its global snack bar business.

The Cadbury maker will also pay additional amounts to the sellers depending upon its earnings from Clif Bar, Mondelez said.