Huge Ferrero-Nestle business on the horizon
Italian chocolate maker Ferrero is nearing a deal to acquire Nestle’s U.S. confectionery business for about 2.8 billion USD – origo wrote.
According to an informant of Bloomberg, the agreement could be signed as early as Sunday. The business, which includes the Butterfinger and Baby Ruth brands, is suffering a decline in revenue and had sales of about 900 million USD in 2016. (origo)
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