Nestle takes a break from big takeovers- time to consolidate

Published by admin on August 16th, 2007 | Tagged News, Strategic Management

Just came accross this news article on TimesOnline.Nestle-The Swiss Food and Beverage Giant,has ruled out any significant takeovers  anytime in the near future.

 According to The Chief Executive Peter Brabeck-Letmathe, It was time for consolidation for the company.They plan to return £10.4 billion to the shareholders.

Nestle was being seen as a potential bidder for the Godiva chocolate business.

The takeover of the medical nutrition division of Novartis-maker of weight loss products and heath drinks,was their last major takeover worth $2.5 billion in december 2006.

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