Hershey nears $1.6 billion deal to buy Amplify Snacks: CNBC

Reuters Business News
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Posted: Dec 18, 2017 1:38 AM

(Reuters) - Hershey Co <HSY.N>, the maker of Reese's Peanut Butter Cups and Hershey's Kisses, is nearing a deal to buy SkinnyPop parent Amplify Snack Brands <BETR.N> for $1.6 billion, CNBC reported on Monday.

The deal would value Amplify at $12 a share, CNBC also reported, citing sources familiar with the matter.

Hershey's and Amplify were not immediately available for comment outside regular U.S. business hours.

(Reporting by Parikshit Mishra in Bengaluru; Editing by Sunil Nair)