Nestle’s consideration of Champion may be related to pressure from activist investor Daniel Loeb.

Nestle is in talks to purchase dog and cat food and treats maker Edmonton, Alberta, Canada-based Champion Petfoods for more than US$2 billion, although the transaction is not assured, reported the Wall Street Journal. Read more.

“Nestle may purchase Champion Petfoods for US$2billion.”Petfoodindustry.com, Petfoodindustry.com, 3 July 2018, https://www.petfoodindustry.com/articles/7334-nestle-may-purchase-champion-petfoods-for-us2-billion.