Nestle plans $42 billion share buyback

NESTLE (NESN.S) plans to buy back as much as 20 billion Swiss francs ($F42b) worth of shares over three years, it said on Tuesday, days after US activist shareholder Third Point LLC began a campaign to boost performance at the company. The New York-based hedge fund, controlled by billionaire investor Daniel Loeb, disclosed a $US3.5b […]

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