|Hershey and Ferrero compete for Nestle's US candy business|
Nestle's sale of its U.S. candy business received bids from Hershey, Ferrero, sources tell CNBC
- Nestle said in June it would explore strategic options, including a possible sale, for its U.S. chocolate and candy business that is said to be valued at $2 billion to $2.5 billion
- Brands up for sale include Butterfinger, Baby Ruth, Sno-Caps and Laffy Taffy
P.S. Humm Just about the size of B&G foods market cap. Nestles sure would have the muscle to give Green Giant a boost in their frozen foods & spice up other brands. Hypothetically JVA an experimental sip IMO.