Nestle may swallow part of Hershey

The London Daily Telegraph reported that Hershey Co. is working on selling a 25% stake in itself to Nestle SA, with an option for Nestle to buy the remaining stake within the next two years.

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The report also said that Hershey has been working with J.P. Morgan since mid-June in exploring strategic alternatives, another hint that the company may be on the block.

Hershey has been the subject of takeover rumors for quite some time now, especially after the Mars Inc. and Wm. Wrigley Jr. Co. merger. Plus Hershey has been facing decling sales along with rising food prices. However, a sale of the entire company or just a stake would be difficult to pass by its parent, Hershey Trust, which has more than once refused to sell the company. - Demitri Diakantonis

See story from The London Daily Telegraph

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