Hershey Foods Board Rejects All Bids

VALLEY FORGE, Pa. (Sept. 17) - The controlling shareholder in Hershey Foods
Corp said on Tuesday that it was ending its auction of the famed candy maker
after rejecting all bids.

The Hershey Trust Company, which controls 77 percent of the shareholder
voting rights in Hershey Foods, said it was asking company executives to end
their search for a buyer.

The announcement came late on Tuesday after a 10-hour trust board meeting in
the Philadelphia suburb of Valley Forge.

''The trust board has rejected all the bids that have been received,'' Trust
Company spokesman Rick Kelly told reporters.

''It is asking the company to end the process of exploring a sale,'' he said.


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