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Top related persons:
Hershey - 2 Mondelez - 2 Honey - 1 Hershey's - 1 Milton Hershey - 1 Morgan - 1 Ken Goldman - 1 Mars - 1
Top related locs:
Mondelez J.P Pennsylvania Dauphin New York Hershey
Top related orgs:
Bloomberg - 2 Hershey - 2 Cadbury - 2 Hershey Trust - 2 Wrigley - 1 Orphans - 1 Consumer - 1 &' $ - 1

Search resuls for: "Hershey Trust"


2 mentions found


☆ Hershey stock soars on report of another Mondelez takeover attempt
  + stars: | 2024-12-09 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
Shares of Hershey climbed as much as 15% during Monday morning trading after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company. Since its founding in 1894 by Milton Hershey, the company has remained independent, despite takeover attempts and even a strategic review in 2007 by its board. Hershey's dual-class structure gives holders of its Class B common stock, largely held by the Hershey Trust, 10 votes for every share. As a result, the Hershey Trust has "substantial control" over the company's future, according to a research note from J.P. Morgan analyst Ken Goldman published Wednesday. That is what happened in 2002, after the Hershey Trust announced it planned to sell its controlling interest in the company to Wrigley.
Persons: Hershey, Mondelez, Honey, Hershey's, Milton Hershey, Morgan, Ken Goldman, Mars Organizations: Bloomberg, Hershey, Cadbury, Hershey Trust, Wrigley, Orphans, Consumer, &' $ Locations: Mondelez, J.P, Pennsylvania, Dauphin
☆ Hershey’s stock explodes higher on report Mondelez offered to buy it
  + stars: | 2024-12-09 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Mondelez, the maker of Oreo and Cadbury, is reportedly exploring an offer to buy rival Hershey Company to potentially create one of the world’s largest candy companies. The preliminary discussions between the companies, reported by Bloomberg, sent shares of Hershey (HSY) nearly 15% higher in early trading Monday. In addition to owning Oreo and Cadbury, Mondelez owns Chips Ahoy, Ritz Crackers, Wheat Thins and Sour Patch Kids. That has led to major dealmaking, including Mars recently buying Kellanova in a nearly $30 billion deal. It’s also not the first time Mondelez has approached Hershey.
Persons: New York CNN — Mondelez, Mondelez, Hershey, ” Mondelez, ” Hershey, Wheat, Jolly, It’s Organizations: New, New York CNN, Cadbury, Hershey Company, Bloomberg, Hershey, Ritz Crackers, Mars, Mondelez, Hershey Trust Locations: New York, Hershey
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