Groves, Ellen
April 2008
WWD: Women's Wear Daily;4/7/2008, Vol. 195 Issue 74, p4
Trade Publication
The article reports on the increase in shares of Nestlé after market speculation that the company could buy out L'Oreal. The speculation intensified after announcement that Nestlé will sell a 24.85 percent stake in its Alcon eye care business to health care company Novartis. According to a Nestlé spokesman, rumors of its interest in taking over L'Oreal are just speculation. Terms of the shareholder agreement between Nestlé and L'Oreal are cited.


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