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News Breaks
10:03 EDTNSRGY
theflyonthewall.com: Nestle Professional to acquire Vitality Foodservice
Nestlé Professional today announced it has agreed to acquire Vitality Foodservice Inc., one of North America's leading beverage solution providers to the foodservice industry. The acquisition price was not disclosed. This move allows Nestlé Professional, Nestlé's globally managed business dedicated to the out-of-home food and beverage market, to accelerate its drive in becoming the recognized leader in branded hot and cold non-carbonated beverage solutions to the out-of-home industry in North America. The transaction excludes the Vitality European manufacturing and distribution business. Reference Link :theflyonthewall.com



News For NSRGY From The Last 14 Days
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January 29, 2010
08:24 EDTNSRGY
theflyonthewall.com: Kraft-Cadbury holds promise, but India a tough market to crack, rediff.com says

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January 28, 2010
06:34 EDTNSRGY
theflyonthewall.com: Nestle re-initiated with a Neutral at Exane BNP Paribas

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January 27, 2010
12:06 EDTNSRGY
theflyonthewall.com: On The Fly: U.S. Mid-Day Market Wrap-Up
Stocks on Wall Street retreated as a December new home sales report showed that there were 342,000 units sold versus the expected 366,000, and Caterpillar (CAT) lowered its 2010 earnings forecast. At 2:15 pm today the Fed will release its latest policy statement. Tonight President Obama delivers his State of the Union message...All industry sectors are currently lower...Crude oil and gold are down...The Dow has fallen 19.19 to 10,175.10, the NASDAQ is up 1.00 to 2,204.73, and the S&P dropped 1.99 to 1,090.18...MARKET NEWS: Boeing (BA) said that it expects to deliver its first 787 Dreamliner aircraft later this year...Heinz (HNZ) reportedly may be a takeover target and Nestle (NSRGY) is said to be a possible suitor...MAJOR MOVERS: Among the most active stocks are Citigroup (C), Bank of America (BAC), Ford (F), Yahoo (YHOO), and Intel (INTC). :theflyonthewall.com
09:41 EDTNSRGY
theflyonthewall.com: Heinz may be takeover target, Daily Finance reports
Heinz (HNZ) could be "ripe for the picking" as one of the few major independent food companies left following the Cadbury (CBY) acquisition, Daily Finance reports. Nestle (NSRGY) could be the most logical and suitable buyer of Heinz, the article states. Reference Link :theflyonthewall.com

January 26, 2010
11:03 EDTNSRGY
theflyonthewall.com: Nestle's likely long-term goal is to buy Hershey, Reuters reports

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