Deals
Fate of Hershey Megadeal Lies With Scandal-Plagued Trust
- Chocolate company’s voting rights held by Hershey Trust Co.
- Controversy has dogged charity founded by Milton Hershey
Why Did Hershey Reject $23B Takeover Bid From Mondelez?
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Holding the key to the sale of America’s second-biggest candy company is a scandal-scarred, $12 billion charity that all but owns Hershey, Pennsylvania.
Hershey Trust Co. controls about 80 percent of Hershey Co., guides the 107-year-old Milton Hershey School, and oversees an amusement park and resort in the town of about 14,000.