Hershey Trust Reaches Tentative Deal to Reform Its Governance
- Organization controls most of voting shares of chocolate maker
- Scrutiny of trust grew last month after Mondelez deal spurned
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Hershey Trust Co., the $12 billion charity that controls the Hershey chocolate company, reached a tentative agreement with the Pennsylvania attorney general, a move that would reform the governance practices of the controversial organization.
“We have reached an agreement in principle and are working on the final details in productive discussions with the office of the attorney general,” a spokesman for the trust said in an e-mailed statement. The attorney general’s office didn’t immediately respond to a request for comment after business hours.