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Hershey Enters Agreement to Acquire Majority Share of Shanghai Golden Monkey Food Company

20 December, 2013

 

Skadden is advising The Hershey Company, the largest producer of chocolate in North America, which today announced that its wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to acquire 80 percent of the iconic Shanghai Golden Monkey Food Joint Stock Co., Ltd., a privately held confectionery company based in Shanghai, China. Completion of the agreement is expected to occur in the second quarter of 2014 and is subject to China regulatory and SGM shareholder approval.

 

The Skadden team was led by mergers and acquisitions partners Martha McGarry and Gregory Miao.

 

 

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