The Hershey Company has entered into an agreement with the Hershey Trust company, as trustees for the Milton Hershey School Trust, under which the trust intends to continue to participate in the company's stock repurchase programme.

 

The agreement, a renewal of an existing deal, will commence today (31 July) and expire on 2 February 2007.

 

In December, the company authorised the repurchase of US$500m of its common stock, of which $245m was utilised in the first half of the year.