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Article: Nestle Announces Filing of a Registration Statement By Alcon.
- Article from:
- PR Newswire
- Article date:
- February 22, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. 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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VEVEY, Switzerland -- As announced In October 2001, Nestle S.A. is exploring an initial public offering (IPO) of a minority stake in Alcon, Inc., its wholly-owned eye care business. Nestle believes that an IPO of Alcon would strengthen the AAA credit rating of Nestle and facilitate the further development of its core food, nutrition and beverage businesses.
In the context of that possible IPO, Alcon has today filed a registration statement with the United States Securities and Exchange Commission with respect to an initial public offering of newly issued Alcon common shares representing approximately 25% of Alcon's common shares, including an over-allotment ...