Nestle share buyback
The company needs the shares for new aqusitions.As part of Nestle's recently announced share buyback, the
Swiss food company said it plans to buy back shares worth 15 billion Swiss
francs. The company said in a newspaper advertisement that it has
installed a second trading line for that reason and that it plans to buy back a
maximum of 30.1 million shares. The Nestle's board has backed a share buyback
program over the next three years worth CHF25 billion.
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