Novartis and Nestle in $39 B Deal

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Market Update :

Novartis and Nestle in $39 B Deal

Author: 123jump.com Staff
123jump.com
Last Update: 5:28 PM EDT April 07 2008

European stocks edged higerh after Novartis agreed to purchase a stake in eye care unit of Nestle, J C Flowers pursued Friends and Provident and French railroad company SNCF bid 1.1 billion euros for logistics company Geodis. The deal news lifted stocks across the region. Banks and mining stocks gained after analysts recommended UBS and Anglo American.

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