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Stated as firm in Hershey's Q1 2025 Form 10-Q: "On March 31, 2025, we entered into a Merger Agreement to acquire LesserEvil, LLC"; the release, datelined "HERSHEY, Pa., April 3, 2025" (PR Newswire, 11:44 ET), announced that Hershey "has entered into a definitive agreement to acquire LesserEvil".
Later filing repeating the 31 March 2025 merger agreement and moving the expected close to "by the end of 2025", financed with cash on hand and short-term borrowings.[1]
Hershey's own filing: "On March 31, 2025, we entered into a Merger Agreement to acquire LesserEvil, LLC"; conditions include the Hart-Scott-Rodino waiting period; expected to close by mid-2025.[1]
Food Dive on the agreement: price undisclosed, roughly $750 million per The Wall Street Journal; LesserEvil's products and Hershey's salty-snack history.
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