Nestle plans $20.8 billion share buyback after Third Point pressure

ZURICH (Reuters) – Nestle plans to buy back as much as 20 billion Swiss francs (16.3 billion pounds) worth of shares by June 2020, the Swiss food giant said on Tuesday as it responds to pressure brought by U.S. activist shareholder Third Point LLC.

from Reuters: Top News http://uk.reuters.com/article/uk-nestle-thirdpoint-idUKKBN19I2AO?feedType=RSS&feedName=topNews

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