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Hershey Trust sells 4.5M HSY shares

Nov. 08, 2018 8:39 AM ETThe Hershey Company (HSY) StockBy: Clark Schultz, SA News Editor6 Comments
  • The Hershey Trust has agreed to sell 4.5M shares of Hershey (NYSE:HSY) through two transactions. Morgan Stanley is picking up 4.1M shares and 450K shares are being sold back to the company for $106.30 per share, according to Bloomberg.
  • The Hershey Trust will still have majority voting control of the company following the transactions.
  • Shares of Hershey (HSY) are down 1.0% in premarket trading to $107.00.

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