NEW YORK (TheStreet) -- Unilever
(UN) is in advanced talks to sell its Ragu pasta sauce business to Japanese condiments maker Mizkan Group for over $2 billion, sources say, Reuters reports.
Mizkan has apparently prevailed over established food companies, including Hornmel Foods Corp.
(HRL - Get Report), after a months-long auction of the brand, sources added.
Negotiations are still continuing and the companies have yet to sign a deal, Reuters noted.
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UN data by YCharts
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