Sunday, April 1, 2007

UPDATE 2-Hershey's major shareholder pledges to keep power

(Reuters) - NEW YORK, April 1 - Hershey Co.'s controlling shareholder on Sunday said it has no interest in giving up its voting power, damping speculation the largest U.S. chocolate maker might combine with Britain's Cadbury Schweppes Plc .

LeRoy Zimmerman, chairman of Hershey Trust Co., said the trust has "absolute confidence" in Hershey management, including Chief Executive Richard Lenny, and its plans to cut costs and regain market share from rivals including Mars Inc.


Read more at Reuters.com Bonds News

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