Tuesday, August 16, 2011

Is the hershey choclate company for sale?

There has been discussions over the past 2 to 3 years of Hershey's being sold the it's shareholders or to another company. The major stumbling block has been the Hershey Trust. Since they control the company's stock (they own 78% of the shares), they would need to agree to the plan. So far the Trust has not felt a sale of the company is in its best interests, although they did overhaul the board of directors late last year. The Trust has met with Cadbury regarding the break-up of Cabury into drink and candy divisions.

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