Nestle Said to Hold Takeover Talks With Chinese Candy Maker

Nestle SA, the world’s largest food company, has been holding talks to buy Hsu Fu Chi International Ltd., a Chinese snack and candy maker with a market value of about $2.6 billion, said people familiar with the matter.

The discussions have been on and off for about two years, according to three people, who declined to be identified because the talks are private. It isn’t clear whether Nestle will reach a deal, and other suitors have also been examining the Singapore-listed company, these people said.