Unilever N.V. (UL) has begun shopping its Ragu pasta-sauce brand and has hired Morgan Stanley (MS) to handle the process, Bloomberg News reported Monday on its website, citing people familiar with the matter.

Unliver is looking to fetch up to $2 billion for the business, two people told Bloomberg, with H.J. Heinz Co. among the potential suitors contacted.

Spokesmen for Unilever and H.J. Heinz declined comment to Bloomberg and a spokesman for Morgan Stanley didn't immediately respond to a request for comment.

Full story at: www.bloomberg.com/news/2014-03-03/unilever-said-to-seek-up-to-2-billion-for-ragu-sauce.html

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