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Published January 03, 2013, 09:58 AM

UPDATED: Hormel buying No. 2 peanut butter Skippy for $700 million

NEW YORK — Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for Spam and other cured, smoked and deli meats said Thursday that it's buying Skippy, the country's No. 2 peanut butter brand, for about $700 million.

By: Associated Press, INFORUM

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