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Consumer Stock Takeovers: Deals and Targets

Nestle's (NSRGY) bid for Chinese confectioner and snacks maker Hsu Fu Chi International was under review, according to July 15 reports.

Nestle offered $1.7 billion for the company in an effort to expand in emerging Asian markets, and better compete with rival multinational companies like Danone (DANOY) and Unilever (UL).

If completed, the deal would represent one of the largest takeovers of a Chinese company by a foreign one.

The Chinese Commerce Ministry's anti-monopoly bureau was evaluating the bid, according to state-run news agency Xinhua.

Earlier this year Nestle acquired a 60% stake in China's Yinlu Foods Group for an undisclosed amount. The acquisition boosted its dairy business in the region.

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