Nutella maker close to buying Campbell Soup segment for $2 billion


Nutella maker Ferrero is spreading its dough over to Campbell Soup Co.

The company, known for its hazelnut snack, is interested in buying Campbell's international business for what could be a $2 billion deal.

Italian daily Il Sole 24 Ore first broke the news.

Included in the deal are Arnott's Biscuits. Investment bank Rothschild is advising Ferrero on the auction.

Ferrero has signed a "confidentiality agreement" and is in a "data room" — a secure location where a potential buyer can conduct…

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