Onex Corporation (TSX:ONEX) is nearing a deal to acquire Ferrara Candy Company, Inc., potentially valuing the company at close to $1.3 billion, including debt, people familiar with the matter said. Onex has prevailed in an auction for Ferrara and is now negotiating final terms with its owner, L Catterton, the people said on January 6, 2017, cautioning that it is still possible that negotiations break down without a deal. The sources asked not to be identified because the negotiations are confidential. L Catterton declined to comment, while Ferrara and Onex did not respond to requests for comment.