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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.
News For NSRGY;LRLCY From The Last 14 Days
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September 29, 2014
11:19 EDTNSRGYNestle announces plans to sell Alete, Milasan brands, AP says
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10:00 EDTLRLCYOn The Fly: Analyst Initiation Summary
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05:53 EDTLRLCYL'Oreal initiated with a Market Perform at Wells Fargo
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September 17, 2014
10:00 EDTNSRGYOn The Fly: Analyst Downgrade Summary
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07:54 EDTNSRGYNestle downgraded to Hold from Buy at Societe Generale
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07:00 EDTNSRGYMondelez exec aiming for more beverage offerings, Reuters says
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05:25 EDTNSRGYNestle downgraded to Hold from Buy at Societe Generale
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