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.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- The key questions for digital strategists in 2017
- Wessanen's move for Spain's Biogran - analysis
- Unilever 2016 investor day - the top takeaways
- Whole Foods, Aldi, M&S - retail round-up, Nov 2016
- Burger King, Jollibee: foodservice focus, Nov 2016
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- Hain Celestial appoints Nestle executive as US COO
- Tyson sets up US$150m investment fund
- Ferrero entity acquires Delacre
- Confectionery North America (NAFTA) Industry Guide_2016
- How Brands Are Making Our Food Healthier
- Processed Snacks (Savory Snacks) Market in the United States - Outlook to 2020: Market Size, Growth and Forecast Analytics
- Global Dried Processed Food Market 2016-2020
- Frozen Food Production in the US - Industry Market Research Report