USA: Nestlé buys Chef America for US$2.6bn in cash
Swiss food giant Nestlé today [Tuesday] announced that its US subsidiary Nestlé Holdings will acquire the assets of Chef America, a leading US-based frozen foods business. Nestlé will pay US$2.6bn in cash, which includes the assumption of net indebtedness. The tax benefits inherent in the transaction bring the net consideration to approximately US$2.0bn.
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