December 18, 2017 / 12:10 PM / 5 months ago

Hershey to buy SkinnyPop parent Amplify Snack for $1.6 bln

Dec 18 (Reuters) - Hershey Co said on Monday it would buy SkinnyPop popcorn maker Amplify Snack Brands in a deal valued at $1.6 billion, including debt, to bolster its healthy snacks unit.

Hershey, the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, said it would pay $12 per Amplify share, a 71.4 percent premium to the stock’s close on Friday. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Savio D’Souza)

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