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49%  
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Keyword: hersheytrust

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  • Hershey Board Won't Sell Candy Maker

    09/17/2002 9:15:54 PM PDT · by GeneD · 10 replies · 229+ views
    Filed at 11:49 p.m. ET PHILADELPHIA (AP) -- Board members of the charitable trust that controls Hershey Foods Corp. said late Tuesday they would not sell the nation's largest candy maker after rejecting all offers. ``The trust board has rejected all the bids that it received. It is asking the company to end the process of exploring the sale,'' Hershey Trust Co. spokesman Rick Kelly said, reading a statement from the trustees. All 17 trustees met behind closed doors in a suburban Philadelphia hotel Tuesday to conduct regular board business and discuss the secretive process of seeking bids on its...
  • Pennsylvania Judge Blocks Sale of Hershey

    09/04/2002 12:17:40 PM PDT · by GeneD · 17 replies · 450+ views
    Filed at 2:40 p.m. ET HARRISBURG, Pa. (AP) -- A state judge issued a temporary restraining order Wednesday against the possible sale of Hershey Foods Corp., after the state attorney general expressed alarm that a sale could go through without state review. A spokesman for the charitable trust that controls the nation's largest candy maker said it would appeal the decision. ``We're disappointed in the decision and we intend to appeal,'' said Rick Kelly, a spokesman for the Hershey Trust Co., which controls 31 percent of Hershey Foods Stock and 77 percent of the Hershey Foods voting stock. The order...