Search results
Results from the WOW.Com Content Network
Nestlé S.A. [a] (/ ˈ n ɛ s l eɪ,-l i,-əl / NESS-lay, -lee, -əl [5]) is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Switzerland. It has been the largest publicly held food company in the world, measured by revenue and other metrics, since 2014.
The stock is traded under the ticker symbol ALC. In July 2008, Novartis purchased approximately 25% of Nestlé's stake in Alcon, with an option to buy Nestlé's remaining shares beginning in 2010. [11] Novartis bought 52% stake from Nestlé for $28.1 Billion. This deal brought the total ownership of Alcon by Novartis to 77%.
Switzerland has a large economy and highly skilled labor force. Fifteen Swiss companies are included on Fortune's "Global 500" list (in 2011). As of 2018 the largest non-financial companies in terms of annual revenue were Glencore, Vitol and Trafigura, with Nestlé as the largest employer.
The stock of Nestle SA (OTCPK:NSRGY, 30-year Financials) appears to be modestly overvalued, according to GuruFocus Value calculation.
For premium support please call: 800-290-4726 more ways to reach us
In 2002 Nestlé sold 23.2% of its Alcon shares on the New York Stock Exchange. In 2008 Nestlé sold 24.8% of existing Alcon shares to the Swiss pharmaceutical giant Novartis. In 2010 Nestlé sold the remaining 52% of its Alcon shares to Novartis. Novartis paid a total of 39.1 bn USD.
The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in the country. [2] [3] It is made up of 20 of the largest and most liquid Swiss Performance Index (SPI) stocks. [1] As a price index, the SMI is not adjusted for dividends. [4] The SMI was introduced on 30 June 1988 at a baseline value ...
Some of the region's largest and most liquid stocks trade on the Swiss exchange, including banking group UBS, food group Nestle and healthcare company Roche. Swiss stock exchange suffers hours ...