Hershey open to combination, Cadbury eyed:
report
Sun Apr 1, 2007 2:31PM EDT
NEW YORK (Reuters)
-
"The charitable trust that controls a
majority of Hershey Co.'s voting rights has
reversed its opposition to a possible
merger, perhaps opening the way to a
combination with Britain's Cadbury
Schweppes, the Wall Street Journal said on
Saturday.
In 2002, the trust pulled Hershey off the
market in the wake of opposition from
Pennsylvania officials and community groups
who feared plant closures and job losses.
A sale could take place by late summer,
people familiar with the matter also said,
according to the newspaper."