Seeking Alpha

L'Oreal looks to buy out Nestle's stake

  • L'Oreal (LRLCF) says it would make sense to buy out Nestle's (NSRGY) large stake in the company.
  • Nestle has to give first crack at the block of shares repping 29% of L'Oreal to the Bettencourt family due to the terms of a shareholder agreement which expires in April.
  • Analysts think the Nestle could use the cash infusion to help it prep for a decent-sized acquisition.
  • Shares of both L'Oreal and Nestle are up over 2% in Paris trading.
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