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January 16, 2018Nestle sells U.S. candy business to Ferrero for $2.8 billion amid health push
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LONDON/MILAN (Reuters) – Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider’s first big sale and a small step on its path toward healthier products.
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