In a major U-turn, the Hershey Trust has decided to scrap its plans
for the sale of its stake in confectioner Hershey Foods, rejecting
all the bids which had been made. A sound business decision or an
inevitable bowing to pressure?
Barry Callebaut completes its takeover of Stollwerck with an offer
of €295 per share for the remaining 3.9 per cent. The Swiss firm
said it would welcome investment from former Stollwerck
shareholders in its ongoing business.
Despite the fact that the sale of the company has been temporarily
put on hold, Nestle and Cadbury are said to be still discussing a
joint bid for the Hershey business, although they have not yet
decided how best to structure the...
The Hershey Trust's appeal against an injunction preventing it from
selling its stake in the Hershey confectionery business was heard
by a panel of seven judges yesterday, but the court was adjourned
before a decision was made.
Purchases and new production facilities have so far marked the
healthy growth of Dutch life science company DSM in 2002. This week
the company announced further acquisitions with the purchase of the
food coatings activities of Vaessen...
Scientific research would suggest that the colorants called
anthocyanins in strong-coloured berries like red berries,
blueberries and blackcurrants may have a role in preventing heart
disease. A three-year European-funded collaborative...
The sale of the Hershey confectionery business may not yet take
place, according to the head of the Hershey Trust which controls
the business. And even if the sale does take place, he stressed,
the impact on the local community will...
Hershey will find out on Wednesday whether its appeal against a
court ruling postponing the sale of the confectionery group has
been successful. In the meantime, rumours continue to circulate of
a potential joint bid for the firm...
LMC International, the US provider of confectionery and bakery
processing equipment, has formed a strategic alliance with Indian
company Dhiman to sell its confectionery equipment in the North
A new energy bar with guarana has been launched by UK confectionery
group Cadbury Schweppes, the first 'mainstream' chocolate bar to
enter the energy market. Boost Guarana is said to offer as much
extra energy as an energy...
The sale of the leading US chocolate bar maker Hershey Foods has
been put on hold in order to allow the courts to assess the likely
social and economic impact of the disposal. But will the
restrictions likely to be imposed on the...
Nestle and Cadbury, the two European confectionery giants, are
reported to be discussing a joint bid for Hershey, the US chocolate
maker. But while a joint bid is unlikely, both firms could profit
from the sale.