US: Hershey renews stock purchase agreement
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.
Shares in Cadbury Schweppes were up 1.79% at time of press, driven by renewed speculation that the world's largest confectionery group could be facing a takeover bid....
US confectionery group Hershey has posted a 9.9% decline in fourth-quarter net income to US$153.6m, below analysts' forecasts, with quarterly sales down by 0.7% at $1.34bn....
US confectionery group The Hershey Company has appointed David J. West as executive vice president, chief operating officer, with immediate effect....
The Hershey Company will tomorrow (24 January) release its fourth quarter and full-year 2006 sales and earnings results, after a testing finish to the year....
US confectionery firm The Hershey Company has announced entering into a new five-year credit agreement to establish an unsecured revolving credit facility to borrow up to US$1.1bn....
The Hershey Company has lowered its earnings estimates for 2006 following the massive product recall and Canadian plant closure after the detection of salmonella in a variety of Hershey products....
The Council of Better Business Bureaus (CBBB) and the National Advertising Review Council (NARC) has announced two significant developments in the self-regulation of advertising targeted at children u...
The Canadian Food Inspection Agency and Hershey Canada have expanded the company's salmonella warning to include bulk sales of chocolate covered almonds from Hershey's Smith Falls factory in Ontario....
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