Nestlé To Sell U.S. Confectionery Business To Ferrero

Nestlé has agreed to sell its U.S. confectionery business to Ferrero for $2.8 billion in cash. The move comes after the company said it was exploring strategic options for the business. Nestlé’s 2016 U.S. confectionery sales reached about $900 million. The transaction is expected to close around the end of the first quarter of 2018 following the completion of customary approvals … Continue reading Nestlé To Sell U.S. Confectionery Business To Ferrero