The Hershey Company has announced John P. Bilbrey will retire from his role as CEO and president, but he will continue as non-executive chairman of the Board.
Mondelēz has ended its pursuit of Hershey nearly two months after the US chocolate giant rejected a $23bn takeover. Analysts speculate the Oreo owner may now merge with Kraft Heinz or PepsiCo.
A letter to the Pennsylvania Attorney General states that the
Hershey trust will not attempt to sell its shares in Hershey Foods
without seeking court approval, a move seen by sceptics as intended
to avoid further legal action against...
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?
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.
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...
