Nestle Selling US Candy Business For $2.9 Billion

NEW YORK (AP) – Swiss food and drink giant Nestle is selling its U.S. candy business to Italy’s Ferrero for about $2.9 billion in cash. Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the sugary Nerds, SweeTarts and FunDip.
SAN FRANCISCO, CA – FEBRUARY 18: Nestle Butterfinger candy bars are displayed on a shelf at a convenience store on February 18, 2015 in San Francisco, California. Nestle USA announced plans to remove all artificial fla