December 18, 2017 / 6:31 AM / 6 months ago

Hershey nears $1.6 bln deal to buy Amplify Snacks- CNBC

Dec 18 (Reuters) - Hershey Co, the maker of Reese's Peanut Butter Cups and Hershey's Kisses, is nearing a deal to buy SkinnyPop parent Amplify Snack Brands for $1.6 billion, CNBC reported on Monday.

The deal would value Amplify at $12 a share, CNBC also reported, citing sources familiar with the matter. (cnb.cx/2B8L0eI)

Hershey's and Amplify were not immediately available for comment outside regular U.S. business hours.

Reporting by Parikshit Mishra in Bengaluru; Editing by Sunil Nair

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