Hershey Sale

The charitable trust that controls Hershey Foods says it will appeal a judge's temporary order blocking any sale of the candy company. Pennsylvania's attorney general says some time is needed for a "hard look" at how a sale would affect Hershey's community.

Earlier in the day a state judge in Pennsylvania temporarily blocked the possible sale of Hershey Foods.

The judge issued a temporary restraining order after the state attorney general's office went to court, warning that such a deal could lead to major layoffs in the town that bears the company's name.

The Hershey Trust, which benefits a school for disadvantaged children, had ordered company executives to seek bids for Hershey.

Analysts say bids could have gone as high as $15 billion.

The trust controls 77 percent of Hershey Foods' shareholder votes and 31 percent of its common stock.


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