Ferrero to acquire confectioner Fannie May for $115M
March 17, 2017
Food Products | Melrose Park, IL | Corporate Acquisition
Ferrero, the Italian company behind Nutella and Tic Tac, has agreed to acquire US confectioner Fannie May for $115 million from 1-800-FLOWERS.COM (NASDAQ: FLWS). Shares of 1-800-FLOWERS.COM gained over 6% on the news Thursday.