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Nestle is selling its U.S. Candy business to Ferrero for about $2.9 billion. Nestle's American sweet treats include Nestle Crunch, Butterfinger, Baby Ruth, Raisinets, Nips and Laffy Taffy. Ferrero is best known for its Ferrero Rocher chocolates, but the company also owns favorites Nutella and Tic Tacs. The sale doesn't include Nestle's global chocolate brand KitKat or the Toll House baking line. Ref. USAToday.

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