new-approach
Hershey Trust reaches in-principle reform agreement
July 23, 2016 by publisher · Leave a Comment
It could also offer the clarity needed for Mondelez International Inc to make a new approach to acquire Hershey. The $12 billion trust, set up by company founder Milton Hershey over a century ago to fund and run a school for underprivileged children, must approve any sale of the company. It rejected a $23 billion cash-and-stock offer for Hershey by Mondelez, the maker of Oreo and Cadbury chocolate, last month.
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Hershey Trust reaches in-principle reform agreement