How Hershey’s unusual corporate structure deters takeovers
Share Now on:
Just in time for Halloween’s candy splurge-fest, the Hershey Company is releasing its latest earnings report today. The company was in the news this summer after rival Mondelez attempted an ultimately unsuccessful $23 billion takeover bid. Hershey’s unusual structure, in which the majority of shares are held by a trust which oversees a local nonprofit school, was widely seen as a reason for the deal’s failure. We look at the company’s current status, and what the future holds in a sector where consumer taste is changing rapidly.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.