Friday, July 20, 2007

Nestle faces pressure to bulk up or break up

(Reuters) - ZURICH, July 20 - Nestle , the world's largest food company, faces increasing pressure to buy another nutrition company or break up as consolidation in the food sector intensifies.



Nestle was shoved unwillingly onto the dance floor this week after a report that it had held exploratory merger talks with U.S. snack and soft drink giant PepsiCo , a scenario Nestle immediately downplayed.


Read more at Reuters.com Mergers News

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