Nestle Chairman Says L'Oreal Sale Is an 'Active' Issue for Board -FT
December 03 2018 - 4:42AM
Dow Jones News
--A sale of Nestle's stake in the cosmetics form L'Oreal is
"something active on the board's agenda", chairman of Nestle's
board Paul Bulcke told the Financial Times.
--Nestle will "take the right action at the right time"
regarding a potential divestment, Mr. Bulcke told the FT.
--Activist investor Third Point has been pushing the Swiss food
and beverage company to sell its 23% stake in L'Oreal and use the
proceeds to buy back shares.
Full story: https://on.ft.com/2RuXhOJ
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
December 03, 2018 04:27 ET (09:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart
From Apr 2023 to Apr 2024