Nestle CEO plays down chances of deal rush: Manager Magazin
Reuters
Published Jul 20, 2017 06:37AM ET
Nestle CEO plays down chances of deal rush: Manager Magazin
ZURICH (Reuters) - Nestle (S:NESN) Chief Executive Mark Schneider played down the chances of a rush of deals involving the Swiss food group after the company said last month it may sell its roughly $900 million-a-year U.S. confectionery business.
"We do not do stock trading here by selling slowly growing segments and buying in fast-growing ones," Schneider said in an interview published on Thursday with German monthly Manager Magazin.
Schneider said the company's primary task is to get its underperforming business back on track.
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Written By: Reuters
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