The Hershey Company HSY, the largest producer of quality
chocolate in North America and a global leader in chocolate, sweets and
refreshments, announced that its wholly-owned subsidiary, Hershey
Netherlands B.V., has signed an agreement to acquire 80 percent of the
iconic Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a
privately held confectionery company based in Shanghai, China.
Completion of the agreement is expected to occur in the second quarter
of 2014 and is subject to China regulatory and SGM shareholder approval.
See full press release
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