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The Hershey Co. announced it has entered into a definitive agreement to acquire Lily's, a high-growth, better-for-you (BFY) confectionery brand. Lily's low-sugar products include dark and milk chocolate style bars, baking chips, peanut butter cups and other confection products that fit Hershey's multi-pronged better-for-you snacking strategy. The acquisition is subject to customary regulatory approvals and is expected to close in the next few months. For more details, read the
official release.
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