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HERSHEY FOODS COMPLETES SHARE PURCHASE AND ESTABLISHES ESOP

 HERSHEY FOODS COMPLETES SHARE PURCHASE AND ESTABLISHES ESOP
 HERSHEY, Pa., Dec. 20 /PRNewswire/ -- Hershey Foods Corporation (NYSE: HSY) announced today that it has completed the share repurchase program announced in April 1990.
 Approximately 1.2 million shares of the corporation's common stock were purchased at various times and prices at a total cost of approximately $45 million. These shares have been used to fund an employee stock ownership trust which the corporation will utilize in satisfying its future obligations to the corporation's existing savings plan.
 /delval/
 -0- 12/20/91
 /CONTACT: Natalie Bailey, 717-534-7631, or James A. Edris (financial), 717-534-7552, both of Hershey Foods/
 (HSY) CO: Hershey Foods Corporation ST: Pennsylvania IN: FOD SU:


KA -- PH034 -- 4437 12/20/91 14:40 EST
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Publication:PR Newswire
Date:Dec 20, 1991
Words:123
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