The Novartis deal to buy Alcon from Nestle wasn’t a surprise, but $39 billion does grab your attention. Add in minority shareholders potentially getting a raw deal and wrap it all up with the question of what Nestle does with the proceeds and it makes the top story of the day. A Nestle share buyback is in the works but is the company eyeing Cadbury? Questions abound.
“Publicly Nestlé has said there are no big deals on the horizon but that it might do bolt-on acquisitions. So they wouldn’t be interested in the whole of Cadbury, but it is plausible that they could do a consortium bid – with Hershey taking the chocolate business and Nestlé taking the chewing gum and candy,” Warren Ackerman, an analyst at Evolution Securities, tells The Guardian.
Here are other takes on this “eye-catching” deal:
and not to be outdone by the hard news: *sigh* I will miss free Nestle ice cream at Alcon company picnics