- 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.
L'Oreal looks to buy out Nestle's stake
Jan 16 2014, 07:56 ET