Word: hershey
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Hershey...
...possible purchase of Cadbury, a famous British candy brand, has been on the trust board's agenda ever since. The two companies already had a relationship, with Hershey acting as Cadbury's U.S. distributor. Cadbury had even considered buying Hershey when the trust first put it up for sale...
...merger now would give U.S.-focused Hershey an international presence to compete with powerhouse rivals such as Mars Inc., which recently merged with Hershey's would-be suitor Wrigley. It would also give Hershey a firmer foothold to compete in the chewing-gum market, since Cadbury owns a number of brands, including Trident, Dentyne and Chiclets...
...term consequences of such a merger will weigh heavily on the trust-board members since they must consider how it will affect their bottom line far into the future. Outbidding Kraft for Cadbury would force the company to take on a mountain of debt, analysts say, which could damage Hershey's strong credit rating. And raising that money could force the company to issue new stock, potentially diluting the control the trust enjoys...
...That they are even considering such a deal shows that the trust-board members are looking past the immediate debt implications to the distant future of Hershey, Howard said...