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BREAKING NEWS

Hershey to buy SkinnyPop parent Amplify Snack for $1.6 billion

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Hershey to buy SkinnyPop parent Amplify Snack for $1.6 billion

Hershey to buy SkinnyPop parent Amplify Snack for $1.6 billion
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(Reuters) – Hershey Co <HSY.N> said on Monday it would buy SkinnyPop popcorn maker Amplify Snack Brands <BETR.N> in a deal valued at $1.6 billion (£1.19 billion), including debt, to bolster its healthy snacks unit.

Hershey, the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, said it would pay $12 per Amplify share, a 71.4 percent premium to the stock’s close on Friday.

(Reporting by Gayathree Ganesan in Bengaluru; Editing by Savio D’Souza)

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