Amplify Snack Brands Inc logo

BETR - Amplify Snack Brands Inc News Story

$12 0.0  0.0%

Last Trade - 30/01/18

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £268.5m
Position in Universe th / 6647

UPDATE 1-Hershey nears $1.6 bln deal to buy Amplify Snacks- CNBC

Mon 18th December, 2017 6:47am
(adds detail, background) 
    Dec 18 (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, which could be announced as early as Monday, would 
value Amplify at $12 a share, a 71 percent premium to Friday's 
closing price, CNBC added, citing sources familiar with the 
matter. (http://cnb.cx/2B8L0eI) 
    Global food manufacturers have been struggling with 
weakening growth as consumers seek healthier foods. 
Pennsylvania-based Hershey has been boosting its portfolio in 
snacks, which are typically lower-margin products than candy. 
 urn:newsml:reuters.com:*:nL4N1N14G4 
    Just over a year ago, The U.S. candy maker had spurned a 
$107 per share takeover offer from Mondelez.  
    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) 
 ((Parikshit.Mishra@thomsonreuters.com; +91 80 6749 6026;)) 
 
Keywords: AMPLIFY SNACK M&A/HERSHEY
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