Nestlé has a $20 billion war chest—here’s how it could be returned to shareholders: by skleb1234
Following years of slowing growth, Nestlé, one of the world’s largest food companies, has been overhauling its business in recent months, and on Thursday announced that it now has a $20 billion war chest that it can return to investors or spend on new acquisitions in the next few years.
that the company will distribute a good deal of money back to shareholders over the next two years, with a new stock buyback program starting in January 2020 that could be complemented by special dividends.just over $10 billionThe company indicated that it would spend some of that money on new acquisitions as part of its overall effort to get its business back on track with faster growth and better profit margins.from activist investor Daniel Loeb and his hedge fund Third Point back in July.
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