HSY - Hershey Foods

The Hershey Company manufactures, imports, markets, distributes, and sells confectionery products. The company operates through two segments, North America, and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising chewing gums and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, and mixes. The company provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, Cadbury, Good & Plenty, Heath, Kit Kat, Lancaster, Payday, Rolo, Twizzlers, Whoppers, York, Scharffen Berger, Dagoba, Ice Breakers, Breathsavers, and Bubble Yum brands, as well as under the Golden Monkey, Pelon Pelo Rico, IO-IO, Nutrine, Maha Lacto, Jumpin, and Sofit brands. It markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. The Hershey Company was founded in 1894 and is headquartered in Hershey, Pennsylvania.

 

Hershey shares pop 21 pct on report of Mondelez takeover bid
Christina Cheddar Berk | @ccheddarberk

Hershey shares surged to a 52-week high Thursday on reports that the chocolate company had received a takeover bid from rival Mondelez International.

Talks between the companies have been ongoing, people familiar with the matter told CNBC. However, any deal would need to be approved by the trust that controls Hershey through a special class of stock.

Although the Hershey Trust owns 8.4 percent of the company's common stock, it controls 81 percent of its voting power.

In 2002, Hershey had attempted to explore the possible sale of the company, and it received interest from a number of suitors, including Mondelez's predecessor company Kraft Foods. However, groups including former students of the Milton Hershey School and local residents opposed any deal at that time, even going so far as to seek an injunction blocking any proposed deal.

 

MDLZ will take the Hershy name if they go through with this.

 

If they pull the deal then HSY will go the other way!

How do we get somebody on the inside?

Im assuming this place look like Charlie and Chocolate Factory.

 

Intrinsicly overvalue according to SimplyWallst, but MDLZ no doubt did their homework and felt their offer was good!

 

Offer not high enough?

This is an interesting day for chocolate!