Mr. Peanut has a new home. Kraft Heinz announced Thursday it has agreed to sell its legacy nuts business to Minnesota-based Hormel Foods for $3.35 billion. The sale, expected to close in the first ...

Kraft Heinz Co (KHC.O) said on Thursday that it plans to sell its nuts business - including most Planters and Corn Nuts products - to Hormel Foods Corp (HRL.N) for $3.35 billion, sending shares up 6%.

Hormel Foods is going nuts. The Austin, Minnesota-based company, known for its meat brands like Spam and Applegate, said Thursday it is buying the Planters nut business from Kraft Heinz Co. for $3 ...

Kraft Heinz has agreed to sell its Planters peanuts and snacks business to Hormel Foods for $3.35bn as the maker of Heinz tomato ketchup seeks to shore up its balance sheet and boost growth.

Hormel Foods is going nuts.The Austin, Minnesota-based company, known for its meat brands like Spam and Applegate, said Thursday it is buying the Planters nut business from Kraft Heinz Co. for $3. ...

Kraft Heinz Co. said Thursday it has reached an agreement to sell its Planters nuts business to Hormel Foods Corp. in a cash deal valued at $3.35 billion. The news was first reported by the Wall ...

Kraft Heinz Co. KHC -0.27% is nearing a deal to sell its Planters snack business to Skippy peanut butter owner Hormel Foods Corp. HRL 3.90% , according to people familiar with the matter.

That’s not peanuts. On Thursday, Kraft Heinz said it had agreed to sell its nuts business, including the iconic Planters brand, to Hormel Foods for $3.35 billion in cash.

Kraft Heinz and its Planters brand is out early to catch attention through an elaborate set-up. ... — The Estate of Mr. Peanut (@MrPeanut) January 22, 2020. A definite setup.

CHICAGO — Mr. Peanut has a new home. Kraft Heinz announced Thursday it has agreed to sell its legacy nuts business to Minnesota-based Hormel Foods for $3.35 billion. The sale, expected to close ...

Kraft Heinz Co said onThursday that it plans to sell its nuts business - includingmost Planters and Corn Nuts products - to Hormel Foods Corpfor $3.35 billion, sending shares up 6%.

Mr. Peanut has a new home. Kraft Heinz announced Thursday it has agreed to sell its legacy nuts business to Minnesota-based Hormel Foods for $3.35 billion. The sale, expected to close in the first ...