Ferrero Agrees to Buy Nestlé's US Candy Business for $2.8 Billion
CONFIRMED90% CONFIDENCEFerrero's[1] release is dated "Tue, 01/16/2018" and says Ferrero "today announced a definitive agreement" to buy the business; no time is given.
Ferrero agreed to pay $2.8 billion in cash for Nestlé's US confectionery arm, over 20 brands including Butterfinger, Baby Ruth, Crunch, Nerds and SweeTarts, making it the third-largest US confectionery company.
$2.8B
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