The Ferrero Group to acquire Nestle’s U.S. confectionery unit for $2.8 billion

The Ferrero Group, the owner of such brands as Nutella, Kinder and Tic Tac, has entered into an agreement to acquire Nestle S.A.’s U.S. confectionery business for about $2.8 billion in cash. The transaction is expected to close near the end of the first quarter of 2018 following the completion of customary approvals and closing conditions.

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Campbell Soup Co. to acquire Snyder’s-Lance, Inc.

The Campbell Soup Co. has entered into an agreement to acquire the snack maker Snyder’s-Lance, Inc. for $50 per share in an all-cash transaction valued at approximately $4.8 billion. Snyder’s-Lance is a manufacturer of snack products sold under such brands as Snyder’s of Hanover, Lance, Cape Cod, Pop Secret, Emerald and others.

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