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Nestle plans share buyback, seeks deals amid pressure

Mr Loeb is also urging Nestle to sell its 23% stake in L'Oreal and eject underperforming brands.


NESTLE  plans a 20 billion-franc (S$29 billion) share buyback and said it's on the hunt for acquisitions, just days after activist investor Dan Loeb disclosed a stake in a bid to shake up the world's largest food company.

Nestle will funnel investment into coffee, pet care,

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