Hershey rumors recirculate

Sept. 24, 2008
Swiss food group Nestle and Hershey, Pa.-based Hershey are reportedly in talks involving either a merger or a stake sale, reports the Telegraph. Nestle plans to purchase 25 percent of Hershey, Pa.-based Hershey now and the remaining 75 percent within two years. Rumor on the Street is that Hershey is working with J.P. Morgan to make it happen. At a time when the confectionery industry is consolidating globally, UK-based Cadbury will be the loser, according to the newspaper. This year, Wrigley was acquired by Mars for $23 billion, pushing Cadbury from its top spot in confectionery production. C ...
Swiss food group Nestle and Hershey, Pa.-based Hershey are reportedly in talks involving either a merger or a stake sale, reports the Telegraph. Nestle plans to purchase 25 percent of Hershey, Pa.-based Hershey now and the remaining 75 percent within two years. Rumor on the Street is that Hershey is working with J.P. Morgan to make it happen. At a time when the confectionery industry is consolidating globally, UK-based Cadbury will be the loser, according to the newspaper. This year, Wrigley was acquired by Mars for $23 billion, pushing Cadbury from its top spot in confectionery production. Cadbury was expected to buy Hershey to establish a greater presence in the U.S., but it didn't happen.  "There are takeover rumors circulating on Hershey once again,” William Lefkowitz, an options strategist at brokerage firm vFinance Investments told Reuters, “and investors are aggressively buying calls in the company on hopes that the shares will go higher."

Sponsored Recommendations

F&B Manufacturer Implements Powerful Cybersecurity

A leading F&B manufacturer has moved to harness the skills of Rockwell Automation and Claroty to harden their OT and IT defences.

6 Ways to Augment Your Food and Beverage Workforce

Modern digital tools and technologies help attract, retain and empower a modern workforce.

2024 Manufacturing Trends - Unpacking AI, Workforce, and Cybersecurity

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

Better OT Asset Management Increases Uptime

A food and beverage company streamlines and simplifies its OT cybersecurity to increase system reliability and uptime.