Jan 16 (Reuters) - NESTLÉ SA:
* PRESS RELEASE - NESTLÉ AGREES TO SELL U.S. CONFECTIONERY BUSINESS TO FERRERO
* ANNOUNCED THAT IT AGREED TO SELL ITS U.S. CONFECTIONERY BUSINESS TO FERRERO FOR USD 2.8 BILLION IN CASH
* TRANSACTION COVERS U.S.-FOCUSED CONFECTIONERY BRANDS ONLY AND DOES NOT INCLUDE NESTLÉ’S TOLL HOUSE BAKING PRODUCTS
* NESTLÉ’S U.S. CONFECTIONERY BUSINESS REPRESENTS ABOUT THREE PERCENT OF U.S. NESTLÉ GROUP SALES
* SAYS “MOVE ALLOWS NESTLÉ TO INVEST AND INNOVATE ACROSS A RANGE OF CATEGORIES WHERE WE SEE STRONG FUTURE GROWTH” Source text for Eikon: Further company coverage: