NESTLE – BREYERS

BY PHILIP FINE

NESTLE SA is offering to sweeten its bid for a US$2.8 billion (GBPounds1.79 billion) buy-out of Dreyer's Grand Ice Cream. The US Federal trade Commission is trying to block the plan that would give Nestle a 67 per cent stake in Dreyer's, up from the current 23 per cent. The deal would give the merged group an approximate 60 per cent share of the US super-premium ice-cream market. The company has offered to divest its Starbucks ice cream, and limit its distribution network to secure regulatory approval.

ENDS


Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.