--FILE--Bottles of Hersheys chocolate are for sale at a supermarket in Shanghai, China, 21 January 2014. The Hershey Company, a global sweet maker,
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Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W8YJ45File size:
51.3 MB (2.2 MB Compressed download)Releases:
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5184 x 3456 px | 43.9 x 29.3 cm | 17.3 x 11.5 inches | 300dpiDate taken:
21 January 2014Photographer:
ImaginechinaMore information:
--FILE--Bottles of Hersheys chocolate are for sale at a supermarket in Shanghai, China, 21 January 2014. The Hershey Company, a global sweet maker, announced on Friday (26 September 2014) that it has completed the initial closing and acquired an 80 percent stake in the Shanghai Golden Monkey Food Joint Stock Co (SGM), a Chinese private confectionery company. Hershey's wholly owned subsidiary, Hershey Netherlands BV, acquired 80 percent of the total outstanding shares of SGM at a price of 2.417 billion yuan ($394 million). The remaining 20 percent of the shares of SGM will be acquired by Hershey Netherlands at a second closing, which is scheduled to occur one year later at a price of 604.2 million yuan.