NESTLE GETS FTC APPROVAL, BUYS CHEF AMERICA

VEVEY, Switzerland -- The sale of privately held Chef America, maker of the Hot Pockets brand of frozen stuffed sandwiches, to Nestle SA here for $2.6 billion closed on Sept. 12, the same day that the deal received approval by the U.S. Federal Trade Commission, company officials said.Chef America, based in Englewood, Colo., is expected to generate sales of $720 million in 2002. It employs 1,700 people.

VEVEY, Switzerland -- The sale of privately held Chef America, maker of the Hot Pockets brand of frozen stuffed sandwiches, to Nestle SA here for $2.6 billion closed on Sept. 12, the same day that the deal received approval by the U.S. Federal Trade Commission, company officials said.

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