Hershey renews stock repurchase Program
LOS
ANGELES, July 28 (Reuters) - The Hershey
Co and the Hershey Trust Co., as trustee
for the Milton Hershey School Trust, on Friday
said they have renewed a previous agreement for
the trust to participate on a proportional basis
in the company's stock repurchase program.
The current agreement began on Jan. 30 and will
expire July 31. The new agreement goes into effect
July 31 and will expire on Feb. 2, 2007.
Hershey's board of directors approved the repurchase
of $500 million of the company's common stock
in December 2005. About $245 million was used
in the first half of this year and the company
expects to complete the authorization by the end
of 2006.