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Stock Market & Financial Investment News

News Breaks
February 11, 2014
05:32 EDTNSRGY, LRLCYNestle to sell 48.5M L'Oréal shares to L'Oréal for cancelation
The Nestlé (NSRGY) board has approved the sale of 48.5M L'Oreal (LRLCY) shares to L'Oréal for cancellation. Part of the proceeds will be used for the acquisition of the 50% stake of Galderma from L'Oréal, bringing our ownership of Galderma to 100%. Upon approval and completion of this transaction, Galderma will form the foundation of Nestlé Skin Health S.A. The company will also merge Bübchen, Nestlé's existing infant skin care business, into this newly-formed entity which will provide a sizeable platform for profitable growth. In addition Nestlé intends to use the cash proceeds of this transaction to launch a share buyback program.
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July 18, 2014
06:41 EDTNSRGYNestle U.S. chocolate goals curbed by Lindt acquisition, Bloomberg says
Nestle, who usually aims to be first or second in all of its divisions, isn’t even close in the U.S. chocolate candy industry, where the Swiss firm is shut-out by Mars and Hershey (HSY), reported Bloomberg. When Lindt & Spruengli finalizes its acquisition of Russell Stover Candies, Nestle will fall even deeper behind, by ranking fourth in the U.S. Reference Link
July 10, 2014
09:31 EDTNSRGYNestle acquires rights to aesthetic dermatology products in the U.S. and Canada
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09:31 EDTNSRGYValeant completes filler, toxin asset sale to Galderma
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July 8, 2014
12:03 EDTLRLCY, NSRGYNestle completes acquisition of L'Oreal 50% stake in Galderma
Nestle (NSRGY) announced it has completed its acquisition of L'Oreal's (LRLCY) 50% stake in Galderma, as originally announced on February 11. Galderma will henceforth operate as the pharmaceutical arm of Nestle Skin Health S.A.

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