(Reuters) – Kraft Heinz Co is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods Corp for about $3 billion, the Wall Street Journal reported here on Tuesday, citing people familiar with the matter.
The companies were not immediately available for a Reuters request for comment.
Reporting by Nivedita Balu in Bengaluru; Editing by Ramakrishnan M.
source: reuters.com