1. L’Oreal CEO Says Cosmetics Maker Ready to Buy Nestle's Stake - Bloomberg

    Bloomberg BoardNews
    L’Oreal CEO Says Cosmetics Maker Ready to Buy Nestle's Stake - Bloomberg

    L’Oreal CEO Says Cosmetics Maker Ready to Buy Nestle's Stake By French company repeats that it has funds for such a deal Activist investor Dan Loeb has called for Nestle to sell L’Oreal is ready to buy Nestle’s stake in the company, CEO Jean-Paul Agon says. L’Oreal SA Chief Executive Officer Jean-Paul Agon said the French cosmetics company is ready to buy Nestle SA ’s 23 percent stake as some investors pressure the Swiss food maker to offload it...

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    1. If it was not enough, we got love letters from lots of great banks telling us they would love to lend us money.
    2. We consider this the most likely resolution of Nestle's holding position, though timing is of course far from clear.
    3. We do not think Nestle are sellers.

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