The proposed sale of Hershey Foods in the summer of 2002 captured headlines and imaginations. Six months after the decision to explore the potential sale of Hershey Trust board considered two major proposals: Joint applications from Cadbury Schweppes PLC and Nestle SA and independent application of Wm. Wrigley Jr. Company. In essence, the board faced both economic and management solution. On the economic side, the board is required to determine the value of Hershey as a separate legal entity, compared with the bids offered. On the control side, the board needed to make a decision to sell Hershey threat original mandate of the Council of Milton Hershey. "Hide
by Kenneth Eades, Sean Carr, Sam Weaver, Gustavo Rodriguez, Chris Muscarella Source: Darden School of Business 22 pages. Publication Date: June 10, 2003. Prod. #: UV2510-PDF-ENG
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