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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 15, 2000
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HERSHEY FOODS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-183 23-0691590
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
100 Crystal A Drive, Hershey, Pennsylvania 17033
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (717) 534-6799
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Page 1 of 3 Pages
Exhibit Index - Page 3
INFORMATION TO BE INCLUDED IN REPORT
Item 9 Regulation FD Disclosure
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On December 15, 2000, Hershey Foods Corporation (the "Corporation")
announced that the Corporation has completed the purchase of the intense and
breath freshener mints and gum businesses of Nabisco, Inc., for $135 million.
The press release dated December 15, 2000, announcing the completion of the
acquisition, is incorporated herein by reference, and a copy is furnished
herewith as Exhibit 99.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: December 15, 2000
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HERSHEY FOODS CORPORATION
By /s/Frank Cerminara
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Frank Cerminara
Vice President, Chief Financial
Officer and Treasurer
Page 2 of 3 Pages
Exhibit Index - Page 3
Exhibit Index
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Exhibit No. Description
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99 Press release dated December 15, 2000 announcing that Hershey
Foods Corporation has completed the purchase of Nabisco's intense
and breath freshener mints and gum businesses.
Page 3 of 3 Pages
Exhibit Index - Page 3
Exhibit 99
[LOGO OF HERSHEY FOODS APPEARS HERE] HERSHEY FOODS NEWS
Hershey Foods Corporation
100 Crystal A Drive
Hershey, PA 17033
E-Mail: pr@hersheys.com
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http://www.hersheys.com
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FOR IMMEDIATE RELEASE CONTACT:
John C. Long
717-534-7631
FINANCIAL CONTACT:
James A. Edris
717-534-7556
Hershey Foods Completes Acquisition of Nabisco's Intense and
Breath Freshener Mints and Gum Businesses
HERSHEY, Pa. -- Hershey Foods Corporation (NYSE: HSY) announced today that it
has completed the purchase of Nabisco's intense and breath freshener mints and
gum businesses.
As previously disclosed, Hershey paid $135 million to acquire the businesses,
including Ice Breakers and Breath Savers Cool Blasts intense mints, Breath
Savers mints, and Ice Breakers, Care*free, Stick*free, Bubble Yum and Fruit
Stripe gums. Also included in the purchase is Nabisco's gum-manufacturing plant
in Las Piedras, Puerto Rico. The businesses had 1999 sales of approximately $270
million.
Hershey Foods Corporation is the leading North American manufacturer of quality
chocolate and non-chocolate confectionery and chocolate-related grocery products
and has a variety of international operations.
SAFE HARBOR STATEMENT
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This release contains statements which are forward-looking. These statements are
made based upon current expectations which are subject to risk and uncertainty.
Actual results might differ materially from those contained in the
forward-looking statements. Factors which could cause results to differ
materially include, but are not limited to: changes in the confectionery and
grocery business environment, including actions of competitors and changes in
consumer preferences; changes in governmental laws and regulations, including
taxes; market demand for new and existing products; the Corporation's ability to
implement improvements to and reduce costs associated with the Corporation's
customer service, warehousing and order fulfillment processes and systems; and
changes in raw material costs, as discussed in the Corporation's Annual Report
on Form 10-K for 1999.
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