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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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July 27, 2014
15:12 EDTNSRGY Hospira in talks to acquire Danone medical nutrition business, FT says
French consumer company Danone (DANOY) has been in negotiations to sell its medical nutrition business to Hospira (HSP) in a deal said to value the unit at $5B, says the Financial Times. The deal would also allow for U.S. based Hospira to domicile its tax base in Europe in a tax strategy known as an inversion, added the Financial Times. In prior reports, Nestle (NSRGY) and Fresenius (FMS) have also been mentioned as suitors for the Danone unit. Reference Link
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

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