43

views
Unfave

L’Oreal pays $8.2bn for stock buyback

L’Oreal pays $8.2bn for stock buyback L’Oreal SA, the world’s largest cosmetics maker, agreed to buy back eight per cent of its stock from Nestle SA for €6bn, the first sale of shares by the Swiss company after four decades of ownership. L’Oreal will pay €3.4bn in cash for 27.3 million shares and exchange its half of the Galderma skincare joint... 
Read the rest of the story on The Punch News

Added February 11, 2014
from The Punch News