PARIS — Driven by intense market speculation that Nestlé could buy out L'Oréal, the French beauty giant's shares rose 2.08 percent on the Paris bourse Monday to 83.17 euros, or $130.90 at current exchange.
Fueling the conjecture was the Swiss food giant's announcement Monday that it will sell a 24.85 percent stake in its Alcon eye care business to health care company Novartis, with an option to sell its remaining 52 percent share starting in 2010. Valued at $143.18 a share, the sale gives Nestlé an initial $11 billion cash injection and a potential total of $39 billion come 2010.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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