- Hershey (HSY) buys a majority stake through one of its subsidiaries in Shanghai Golden Monkey Food Company for a deal value of $584M.
- The company will slowly acquire the shares during 2014.
- This year, Shanghai Golden Monkey is on pace to have sales of $225M.
- Hershey expects the deal to be slightly accretive in 2014.
Hershey strikes deal to control well-known Chinese candy maker
Dec 19 2013, 11:19 ET