- 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.
Hershey Trust sells 4.5M HSY shares
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About HSY Stock
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Symbol | Last Price | % Chg |
---|---|---|
HSY | - | - |
The Hershey Company |