The Traderszone Network

Published in TZ Latest News 2 July, 2016 by The TZ Newswire Staff

Hershey’s would-be buyer faces unusual legal hurdles

Snack maker Mondelez International Inc. or any other potential bidder for Hershey Co. is up against not only a board that indicated it doesn’t want to sell, but a secretive, controlling shareholder—and the state’s top law officer. No deal would happen without the blessing of Hershey Trust Co., which controls 81% of the company’s voting power and 8.4% of its common stock.

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