The battle over Hershey Foods is moving into the Pennsylvania legislature. Lawmakers in the candy-maker´s home state are exploring the possibility of changing a law governing charitable trusts, to prevent a sale of Hershey.
The Hershey Trust last month announced a plan to explore a sale of the company to further diversify the trust´s base of assets. The trust owns the controlling stake in Hershey Foods.
Hershey Foods operates a chocolate manufacturing plant in Oakdale.
One possibility that lawmakers are looking at is changing the law so a trust manager would have to weigh the welfare of the community as well as that of its beneficiary when managing its assets.
News of the possible sale set off a flurry of protest from business and political leaders in Pennsylvania, who fear that the town of Hershey would be harmed if the company is sold.
This post was last modified on 01/31/2009 5:32 pm