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Hershey Co (HSY.N)

HSY.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hershey Says Entered Into Credit Agreement To Borrow Up To $1.5 Bln
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Hershey Co ::HERSHEY SAYS ON JAN 8, CO ENTERED INTO 364 DAY CREDIT AGREEMENT - SEC FILING.HERSHEY - PURSUANT TO CREDIT AGREEMENT CO MAY BORROW UP TO $1,500 MILLION ON UNSECURED, REVOLVING BASIS.  Full Article

Hershey To Acquire Amplify Snack Brands For $1.6 Bln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Hershey Co ::HERSHEY ENTERS INTO AGREEMENT TO ACQUIRE AMPLIFY SNACK BRANDS, INC..HERSHEY CO - DEAL FOR $12.00 PER SHARE IN CASH.HERSHEY CO - DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE IN FIRST-YEAR POST CLOSING.HERSHEY CO - DEAL VALUED AT APPROXIMATELY $1.6 BILLION.HERSHEY CO - TRANSACTION WILL BE FUNDED WITH CASH ON HAND AND NEW DEBT AND IS NOT EXPECTED TO IMPACT HERSHEY'S CURRENT RATINGS.HERSHEY CO - ‍AGREEMENT HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES​.HERSHEY CO - ACQUISITION IS NOT EXPECTED TO AFFECT PREVIOUSLY ANNOUNCED FULL YEAR 2017 OUTLOOKS PROVIDED IN HERSHEY'S & AMPLIFY'S Q3 EARNINGS RELEASE.HERSHEY CO - ‍ANNUAL RUN-RATE SYNERGIES OF ABOUT $20 MILLION EXPECTED TO BE GENERATED OVER NEXT 2 YEARS FROM COST SAVINGS AND PORTFOLIO OPTIMIZATION​.  Full Article

Hershey Nears $1.6 Billion Deal To Acquire Skinnypop Parent Amplify- CNBC
Monday, 18 Dec 2017 

Dec 18 (Reuters) - :HERSHEY NEARS $1.6 BILLION DEAL TO ACQUIRE SKINNYPOP PARENT AMPLIFY- CNBC, CITING SOURCES.DEAL VALUES AMPLIFY AT $12 A SHARE- CNBC, CITING SOURCES.  Full Article

Hershey in China expects to breakeven or have better operating results for 2017
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Hershey Co :On conf call- working on plans to improve performance of non-core candy brands‍​.On conf call- year-to-date U.S. E-Commerce sales up about 40 percent.On conf call- in China, small format stores continue to show growth, outpacing performance in hypermarkets.China strategy to focus on Hershey brand's messaging, continued e-commerce penetration and smaller store format expansion.In China, expect to breakeven or have better operating results for this year.We've had an active SKU rationalization program where we are eliminating merchandising SKUs, many smaller things.  Full Article

Hershey declares quarterly dividends of $0.618 on common stock
Saturday, 15 Oct 2016 

Hershey Co :Quarterly dividends of $0.618 on common stock and $0.562 on class B common stock.  Full Article

Hershey Co CEO John P. Bilbrey to retire
Friday, 14 Oct 2016 

Hershey Co : John P. Bilbrey announces intention to retire as ceo of the hershey company . Hershey co - process to identify successor underway; company reaffirms outlook for full year 2016 . Hershey co - bilbrey will continue as non-executive chairman of hershey's board of directors following his retirement as president and ceo. . Hershey co - bilbrey will continue as non-executive chairman of hershey's board of directors following his retirement as president and ceo . Hershey co says board has appointed a special committee to direct search for a new CEO . Hershey co - company also reaffirmed its full-year 2016 outlook outlined in company's Q2 2016 earnings announcement . Special committee will review internal and external candidates with assistance from Egon Zehnder, a leading executive search firm . Hershey co - special committee is led by Pamela Arway, chair of governance committee . Fy2016 earnings per share view $4.26, revenue view $7.45 billion -- Thomson Reuters I/B/E/S .Hershey co - chief executive officer Bilbrey intends to retire from company July 1, 2017.  Full Article

Mondelez raised bid for Hershey's to $115/share last week - CNBC, citing DJ
Tuesday, 30 Aug 2016 

:Mondelez raised bid for Hershey's to $115/share last week before giving up; Hershey wanted at least $125 - CNBC, citing DJ.  Full Article

Mondelez International no longer pursuing combination with Hershey
Tuesday, 30 Aug 2016 

Mondelez International Inc : Mondelez International Inc says it has ended discussions with Hershey Company regarding a possible combination of two companies .Taking into account shareholder developments at Hershey, determined that there is no actionable path forward toward an agreement.  Full Article

Hershey announces pricing of $500 mln notes due 2026 and $300 mln notes due
Wednesday, 3 Aug 2016 

Hershey Co : The hershey company announces pricing of $500,000,000 2.300% notes due 2026 and $300,000,000 3.375% notes due 2046 . Intends to use part of proceeds to repay at maturity its $250 million aggregate principal amount of 5.45% notes due 2016 .Will also use proceeds to repay $250 million aggregate principal amount of 1.50% notes due 2016, fund buy of ripple brand collective.  Full Article

Hershey announces offering of notes due 2026 and notes due 2046
Tuesday, 2 Aug 2016 

Hershey Co : The Hershey Company announces offering of notes due 2026 and notes due 2046 . Intends to use net proceeds of notes offering to repay at maturity its $250 million aggregate principal amount of 5.45% notes due 2016 .Also intends to use net proceeds of notes offering to repay at maturity its $250 million aggregate principal amount of 1.50% notes due 2016.  Full Article

BRIEF-Hershey Co ‍Announces Cocoa For Good, Co's Half Billion Dollar Cocoa Strategy​

* ‍ANNOUNCES COCOA FOR GOOD, CO'S HALF BILLION DOLLAR COCOA STRATEGY​ Source text for Eikon: Further company coverage: