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Bloomberg
Nestle SA’s sale of its Herta lunch-meat business may attract interest from bidders including US packaged meat company Smithfield Foods and agricultural commodities giant Cargill, according to people with knowledge of the matter.
The Swiss company plans to send marketing material this month to potential investors including Tyson Foods, China’s Cofco Corp and Sigma Alimentos SA de CV of Mexico. Nestle is working with an adviser to divest the hot dog brand, in a deal that could value the unit at $800 million to $1 billion.