(Reuters) – Kraft Heinz Co is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods Corp for about $3 billion, the Wall Street Journal reported https://www.wsj.com/articles/hormel-in-talks-to-buy-planters-from-kraft-heinz-for-around-3-billion-11612291856?mod=latest_headlines on Tuesday, citing people familiar with the matter.
The companies were not immediately available for a Reuters request for comment.
(Reporting by Nivedita Balu in Bengaluru; Editing by Ramakrishnan M.)
