Nestle sells U.S. candy business to Ferrero for $2.8 billion amid health push
January 16, 2018 at 12:57 PM EST
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.