date:Sep 11, 2013
the third most valuable company in France, while slightly pressuring those of Sanofi, the second biggest.
It would be very surprising if Nestle remained nebulous about their plans, one fund manager said. It is their responsibility to state out clearly what they plan to do.
Nestle might prefer to keep the market guessing, but L'Oreal will want a decision soon, because keeping cash in place to buy the stake curbs its firepower for other big deals.
Last month, L'Oreal offered to buy Chinese fac