Tootsie Roll Industries a possible takeover target

04/11/2005 | Bloomberg Businessweek

Investors in Tootsie Roll Industries, disappointed with flat sales and declining stock value, have expressed interest in a buyout from other major confection companies such as Nestle, Hershey or Wrigley.  The company's CEO and COO still own 40% of stock and control 77% of voting B stock.

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