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Nestle is taking a 68% stake in the company.
Nestle said the purchase will allow it immediate entry into the vegan and vegetarian market, which is growing by double digit and is expected to become a $5 billion market by 2020.
Nestle's new CEO Ulf Mark Schneider must add detail to cost cutting and provide hope of M&A when he fronts his first shareholder conference on Sept. 26.
Bernstein analyst Alexia Howard estimates a further 30% fall in cocoa prices could boost Hershey's earnings per share by 8.6%.
As former GE CEO Jeff Immelt emerges as the frontrunner to led Uber, experts say areas like integrity, humility and vulnerability will be important for the new CEO to show.
IBM wants to know if blockchain tech can be used to track food supply chains and improve safety.
The suit alleges Nestlé sold 'common groundwater' in its Poland Spring brand.
Meanwhile, the activist hedge fund increased its stake in Snap's foremost competitor.
Eden Creamery thinks its brand could sell for as much as $2 billion.
The food giant has just a few weeks till the end of the six-month moratorium after Unilever rejected its $143 billion offer.
Nestle sees organic growth and sales slow amid activist campaign.
Global equity rally takes a breather.
A Unilever-Kraft Heinz tie up could be on the cards.
Nestle shares rose to the top of the market in Switzerland Monday after reports that activist investor Third Point LLC is in regular dialogue with the world's biggest food company.
From Nestle to interest rates to a raise for the Queen here are the most read stories of the week
Nestle opened firmly higher Wednesday after the world's biggest food company said it would buyback around $21 billion in shares over the next three years.
Nestle is expected to open higher Wednesday after the world's biggest food company said it would buyback around $21 billion in shares over the next three years.
U.S. stocks are higher in early trading.
A roundup of Monday's trending stocks.
The rescue of two failing Italian lenders helped to lift European benchmarks higher Monday, with solid gains for lenders in Southern Europe in particular.
Third Point hedge fund turns up the heat in Switzerland
Daniel Loeb's Third Point is taking more than a 1% stake in Nestle, the Swiss food and beverage company.
U.S. stock futures point higher on Monday and European shares rise as Wall Street posts a slight rebound to end last week.
Japanese airbag maker Takata files for chapter 11 bankruptcy. The company faced billions of dollars in liabilities over its defective airbags.
L'Oreal shares hit an all-time high in the first hour of trading Monday, after activist investor Third Point called for Nestle to sell its substantial stake in the company.
Nestle shares surged after activist investor Third Point revealed it had built a stake in the group and pressed for asset sales in increased buybacks.
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