Hershey Trust to sell 45 lakh shares of Hershey Company
Hershey Trust Company, the charitable trust which controls chocolate-maker Hershey Company, said it would sell 45 lakh shares of Hershey's common stock. The trust said it would sell 30 lakh shares to Morgan Stanley and 15 lakh to Hershey Company. In a separate statement, Hershey said it will buy the 15 lakh shares for about $159 million from the trust.