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Nestle Agrees To Pay $1.7B For Chinese Candy Co.

By Ian Thoms (July 11, 2011, 1:06 PM EDT) -- Nestle SA has struck a $1.7 billion deal to buy a controlling interest in Chinese confectioner Hsu Fu Chi International Ltd., bolstering the Swiss food behemoth's growing presence in the Asian nation, the company announced Monday....

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