Nestlé SA in “talks” to buy majority stake in Champion PetFoods for over US$2b

CANADA – Nestlé SA, a Swiss transnational food and drink company, is in talks to buy a majority stake in Champion Petfoods LP for more than US$2-billion, according to the Wall Street Journal, citing people familiar with the matter. Nestlé is under pressure to deliver faster growth in its portfolio of products and is looking…