U.S. chocolate giant Hershey is expected to be among the companies submitting an initial bid on Friday for Nestle's U.S. confectionery business, sources familiar with the situation said. The business makes sweets including Butterfinger, Baby Ruth, Sno-Caps and Laffy Taffy.
Lemonheads-maker Ferrara Candy, owned by private equity firm L Catterton, is also expected to put forward an introductory offer, the sources said.
The original article: https://www.cnbc.com/2017/10/13/nestle-confectionery-business-draws-attention-from-hershey.html