Nestlé, the Swiss food and candy company that has been targeted by an $18 billion activist fund, says it will buy back roughly $21 billion of its shares.
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The $265 billion target of an activist hedge fund just announced $21 billion in share buybacks
Nestlé, the food and candy company that has been targeted by an $18 billion activist fund, says it will buy back roughly $21 billion of its shares.
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In a statement, Nestlé said that the share buyback program of up to CHF 20 billion (roughly $21 billion) would be completed by the end of June 2020. The program is slated to start next week, on July 4.
has been raising fresh money from investors since last year, an infrequent move for the fund, people familiar with the matter previously said.
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