USA: Hershey mulling stock buyback through ‘Dutch auction’ – report
US candy maker Hershey Foods may soon announce plans to repurchase stock using the 'Dutch auction' process. Salomon Smith Barney analyst Jaine Mehring is quoted by the Harrisburg Patriot as saying: "We think there is a possibility that Hershey might announce a meaningful share buyback, perhaps via a Dutch auction, by the time it reports earnings." The company declined to comment, but is known to have spare cash which could logically be used to buy back stock.
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