New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 11, 2014
05:32 EDTLRLCY, NSRGYNestle 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
Sign up for a free trial to see the rest of the stories you've been missing.
December 18, 2014
10:07 EDTLRLCYFrance's antitrust authority fines Colgate, Unilever, P&G, WSJ reports
France's Autorité de la Concurrence has fined consumer product companies including Unilever (UN, UL), Procter & Gamble (PG), Reckitt Benckister (RGBLY) and Colgate (CL) a total of EUR345.2M for anticompetitive practices between 2003-2006, The Wall Street Journal reports. L'Oreal (LRLCY), Gillette and Beiersdorf were fined EUR605.9M in total. Reference Link
07:22 EDTLRLCYL'Oreal denies anticompetitive activity
L'Oréal has been informed of the French Competition Authority's decision to rule against manufacturers of household and hygiene products concerning events which took place in the early 2000s. L'Oréal refutes accusations of anti competitive activity with its competitors, and regrets that the French Competition Authority did not take into account the highly competitive French market in hygiene products as illustrated by the number of manufacturers and retailers present on the market, the large choice of products available to consumers, and the degree of innovation and number of launches. L'Oréal is extremely surprised by this decision and the amount of the fine which are totally out of proportion. L'Oréal will appeal this decision.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use