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Investors have been looking for signs that Nestle is poised for a major takeover, but the company has been coy about spending further cash in recent months. Instead, Nestle has made several smaller investments into companies such as Guatemala's Malher Group and Vitaflo, a British maker of clinical nutritional products. Chief Financial Officer Jim Singh told investors Nestle will continue to focus on "bolt ons" even as it completes the sale of its remaining stake in eye care company Alcon during the second half, a transaction that is expected to earn it about $28 billion. Some of that money will go into a 10 billion francs share buyback program, while Nestle also plans to invest further in marketing and developing new products.
[Associated
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