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Novartis, Nestle Agree to $39B Deal on Alcon

Two-step deal would give Swiss pharma a majority stake in the eye-care company

By Jim O'Neill,  Newser User

Posted Apr 7, 2008 7:11 AM CDT

(Newser) – Nestle and pharma giant Novartis continued swapping brands today, with Novartis, which sold Gerber to Nestle last year, agreeing to pay $39 billion for a 77% stake in eye-care company Alcon, reports the Wall Street Journal. The two-step deal—Novartis will pay $11 billion for...   Read full story »

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