Clif Bar, the Emeryville-based company known for its chewable energy bars that clump to the bottom of your backpack, will be bought by multinational snack company Mondelez 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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