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Article: Nestle May Sell Minority Stake in Fort Worth, Texas-Based Eye-Care Company.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 20, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Jim Fuquay, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Oct. 20--FORT WORTH, Texas--Alcon Laboratories' corporate parent, Nestle of Switzerland, said Friday that it may sell a minority stake in the Fort Worth medical company as early as next year, a move that would give Alcon its own publicly traded stock.
Nestle, the world's largest food maker, has owned Alcon since 1977. It said the move would boost its own financial strength and provide a way to invest in Alcon directly.
Alcon is the No. 1 maker of eye care products, with $2.55 billion in sales last year. It employs about 2,600 people at its south Fort Worth ...
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