Unilever Said to Seek Up to $2 Billion in Ragu Sauce Sale

Pinnacle Foods Inc.'s Wish-Bone brand salad dressings sit on display in a supermarket in Princeton, Illinois, U.S., on Tuesday, March 4, 2014. Unilever, the world's second-biggest consumer-products maker, is seeking bidders for its Ragu pasta sauce as the company sheds food brands, people with knowledge of the matter said. Unilever last week contacted many of the companies that were approached when the company sold Wish-Bone dressings last year and expects to sell the brand for between $1.5 billion and $2 billion, two of the people said. Photographer: Daniel Acker/Bloomberg via Getty Images