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... As Pennsylvania House votes on bill to restrict trust sales. (Newsletter).(Milton Hershey Trust's sale of Hershey Foods)(Brief Article)

Candy Industry

| October 01, 2002 | COPYRIGHT 2008 BNP Media. (Hide copyright information)Copyright

Strong community sentiment against Milton Hershey Trust's efforts to sell Hershey Foods has prompted the Pennsylvania legislature to possibly restrict such efforts in the future. Following a Senate vote of 48-1, the House will consider an amendment to Bill 2060 this month requiring a charitable trust to consider the economic impact of investment and management decisions that affect a "principal business enterprise" in the community where the trust is located. Moreover, the legislation requires that …

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