Deals
Nestle’s $28.1 Billion Payday Gives Google-Size Cash
This article is for subscribers only.
Nestle SA has a $28.1 billion question and investors have plenty of answers.
Europe’s largest company by market value could buy almost any publicly traded food asset with cash when it gets paid for its Alcon Inc. stake in the second half. Investors want the maker of KitKat bars and Haagen-Dazs ice cream to expand in emerging markets to catch up with Unilever, which gets about half of its sales in developing countries.