There's going to be a new nameplate before long on a C-suite door of candy company Hershey (NYSE: HSY). Just after market hours last Friday -- considered by many public relations professionals to be a ...
Hershey Trust Co., the majority shareholder of Hershey Co., has rejected an offer from Mondelez International Inc., an American snack and confectionery company, to acquire chocolate manufacturer ...
One important but often overlooked key is the company's relationship with The Hershey Trust, which basically controls all of Hershey's super-voting class B stock. That gives the charitable trust a ...
Mondelez knows it needs the approval of the Hershey Trust Company board -- and it reportedly didn't get it. It's common for companies to have multiple share classes. In this case, Hershey's Class ...
it controls most of the company's B shares. Since these convey 10 votes per share instead of the one per the common stock that is publicly traded, Hershey Trust is effectively in control.
(Bloomberg) -- Hershey Co. Chief Executive Officer Michele Buck will step down from her role next year and the company has started a search for her successor. Buck, 63, told the board that she ...