GCI Magazine

Segments Sponsored by

Email This Item!
Increase Text Size

L'Oréal Finalizes Nestlé Deal

Posted: July 8, 2014

L'Oréal announced it has finalized its deal with Nestlé, which includes:

Additionally, the number of Nestlé representatives on L’Oréal’s board of directors is reduced from three to two following the resignation of Paul Bulcke, and the ownership ceiling provisions of the shareholders’ agreement between Nestlé and the Bettencourt Meyers family now apply to their respective new holdings.

The transaction will be accretive by more than 5% on L’Oréal earnings per share on a full year basis.