Fonterra to Assess IPO as One Option for Consumer Unit Sale [Yahoo! Finance]
NESTLE S.A S/ADR (NSRGY)
NASDAQ:AMEX Investor Relations:
nestle.com/investors
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Source: Yahoo! Finance
public offering and reiterating that a successful deal will result in a capital return for its farmer shareholders. Most Read from Bloomberg The Leaf Blowers Will Not Go Quietly Arizona Elections Signal Robust Immigration Enforcement Under Trump Scoring an Architectural Breakthrough in Denver's RiNo District Key Ballot Initiatives and Local Races Highlight Views on Abortion, Immigration “We have assessed both a trade sale and IPO as attractive divestment options and will now prepare for a sale process which will pursue both options,” Chief Executive Office Miles Hurrell said Monday in Auckland. The company “continues to target a significant capital return to be made to farmer shareholders and unit holders following the divestment,” he said. Fonterra announced in May it was considering turning away from branded consumer products to concentrate on making more high-value ingredients derived from New Zealand milk that it sells to other companies like Nestle SA, Mars and Coca
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