Key Developments: Nestle SA (NESN.VX)

NESN.VX on Virt-X Level 1

31 Oct 2014
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Latest Key Developments (Source: Significant Developments)

L'Oreal SA buys back 8 percent of its share capital from Nestle SA
Tuesday, 11 Feb 2014 12:02am EST 

L'Oreal SA and Nestle SA:Say L'Oreal will buy 48.5 million of its own shares (8 percent of its share capital) from Nestle.Say the buyback will be financed partially through the disposal by L'Oreal to Nestle of its stake in Galderma (a 50/50 joint venture between L'Oreal and Nestle) for an enterprise value of 3.1 billion euros (2.6 billion euros of equity value), paid by Nestle in L'Oreal shares (21.2 million shares).The remaining 27.3 million L'Oreal shares held by Nestle will be paid for in cash for an amount of 3.4 billion euros.The price per L'Oreal share is 124.48 euros.All the shares bought back by L'Oreal will be cancelled.Nestle's stake in L'Oreal will be reduced from 29.4 percent to 23.29 percent.The Bettencourt Meyers family's stake will go from 30.6 percent to 33.31 percent.The transaction will be accretive by more than 5 percent on L'Oreal's recurring earnings per share on a full year basis.  Full Article

Nestle SA sells PowerBar, its sports nutrition business
Monday, 3 Feb 2014 08:19am EST 

Nestle SA:Says it has sold its sports nutrition business under the PowerBar and Musashi brands to a US-based consumer packed goods holding company, Post Holdings.  Full Article

Nestle SA signs research agreement with Singapore
Wednesday, 22 Jan 2014 04:26am EST 

Nestle SA:Enters into a strategic partnership with the Singapore government's Agency for Science, Technology and Research, A*STAR with the goal of setting up global research programmes in food science and technology.Says the agreement will focus on areas such as nutrition, packaging, data analytics and also biotransformation - the use of natural processes.  Full Article

Nestle SA enters biotech deal with Cellular Dynamics International Inc - Reuters
Wednesday, 8 Jan 2014 02:50am EST 

Nestle SA:Says it has entered into a partnership with U.S. biotechnology firm Cellular Dynamics International as it steps up its research into the link between diet and diseases - Reuters.Says Cellular Dynamics International has signed a long-term agreement to supply stem cells to the Nestle Institute of Health Sciences.Says financial terms of the deal were not disclosed.  Full Article

Nestle SA sells U.S. frozen pasta business to Brynwood Partners-Reuters
Monday, 6 Jan 2014 11:32am EST 

Nestle SA:Nestle said it would sell its U.S.-based frozen pasta business, Joseph's Pasta, to private equity firm Brynwood Partners VII LP as part of a drive to clean up its portfolio-Reuters.  Full Article

Aspen Pharmacare Holdings Ltd updates on acquisition of Infant Nutritional businesses from Nestle SA
Friday, 20 Dec 2013 02:00am EST 

Aspen Pharmacare Holdings Ltd:Refers to the announcement made on Apr. 18, where in Aspen Group companies (Aspen) had concluded agreements with Nestle SA.Says the agreement is in respect of the acquisition of certain rights to intellectual property licenses, net assets and shares in the IN businesses conducted by Pfizer for a total purchase consideration of $215 mln.Says the Australian competition authorities had approved Aspen’s acquisition of the Australian IN business and the transaction became effective in Australia from Apr. 28.Says approval of the South African competition authorities was pending at the date of that announcement.Says the South African Competition Tribunal has, in a ruling made on Dec. 19, confirmed its approval of Aspen’s acquisition of the Southern African IN business.Says this was the only outstanding condition precedent in respect of the finalisation of the acquisition of this business and the transaction is expected to be completed on Jan. 27, 2014.  Full Article

Nestle SA sells 10% stake in Givaudan SA-Reuters
Friday, 6 Dec 2013 02:58am EST 

Nestle SA:Put its 10 percent stake in Givaudan SA up for sale-Reuters.Market sources said the sale would be carried out by Goldman Sachs through an accelerated bookbuild at a price of 1.150 to 1.170 Swiss francs per share, representing up to 1.08 billion Swiss francs (882 million euros) in total.  Full Article

Nestle SA Sells Jenny Craig In North America And Oceania
Thursday, 7 Nov 2013 01:15am EST 

Nestle SA announced that it divests Jenny Craig businesses in North America and Oceania to North Castle Partners. Financial details of the transaction not disclosed. The new owners will take over the businesses and offer employment to Jenny Craig staff in North America and Oceania.The transaction is subject to customary closing conditions and the financial details will not be disclosed.  Full Article

Nestle SA to Cut 165 Jobs in Beauvais, France-Les Echos
Wednesday, 23 Oct 2013 08:00pm EDT 

Les Echos reported that Nestle SA is to cut 165 jobs at its Beauvais plant in France. The layoffs are result of a decision to stop producing frozen meals at the plant by the end of the first quarter of 2014.  Full Article

Nestle SA Comments On FY 2013 Guidance
Thursday, 17 Oct 2013 01:15am EDT 

Nestle SA announced that it continued growth momentum to enable the Company to deliver around 5% organic growth for fiscal 2013 together with an improvement in margins and underlying earnings per share (EPS) in constant currencies, as well as an improvement in its capital efficiency. The Company reported revenue of CHF92.186 billion and EPS of CHF3.32 in fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of CHF94.412 billion and EPS of CHF3.45 for fiscal 2013.  Full Article

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