Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer with a bigger cash portion, raising expectations the U.S. food group will win its prize.
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Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer with a bigger cash portion, raising expectations the U.S. food group will win its prize.
Kraft Foods Inc sweetened its 10.2 billion pound ($16.4 billion) offer for Britain's Cadbury Plc with cash from a deal to sell its North American pizza unit to Swiss food giant Nestle .
Kraft Foods Inc on Tuesday said it was raising the cash portion of its hostile 10 billion pound ($16 billion) takeover offer for Britain's Cadbury Plc by 60 pence per share, funded by a deal to sell its North American pizza unit to Swiss food giant Nestle.
Novartis aims to buy the rest of leading eye care firm Alcon for $39.3 billion to reduce reliance on prescription drugs, but is offering minority shareholders a worse deal than major owner Nestle .
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Swiss food giant Nestle made misleading claims about the health benefits of some children's beverages, U.S. regulators said in letters released on Tuesday.
Swiss food company Nestle has suspended operations in Zimbabwe, complaining of harassment after it pulled out of a deal to buy milk from a farm taken over by President Robert Mugabe's family.
Swiss food company Nestle has suspended operations in Zimbabwe, complaining of harassment after it pulled out of a deal to buy milk from a farm taken over by President Robert Mugabe's family.
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion-pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound ($16.3 dollars) bid by Kraft Foods Inc and a potential move by Hershey , Bloomberg reported on Sunday.
Billionaire Warren Buffett's Berkshire Hathaway Inc on Monday revealed new investments in Nestle AG and Exxon Mobil Corp and that it has nearly doubled its investment in Wal-Mart Stores Inc .
Cash-rich Nestle SA, the world's biggest food group, said it was speeding up a programme to buy back shares and was likely to raise fresh funds from the sale of its stake in eye care firm Alcon.
Nestle SA, the world's biggest food group, met forecasts with nine-month organic sales growth of 3.6 percent after a disappointing first-half 3.5 percent, and upped its share buyback.
Kraft played down speculation on Tuesday that it would be prepared to raise its offer for Cadbury PLC , after the British chocolate company rejected its 10.2 billion pound ($16.7 billion) offer.