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November 23, 2008 3:50:10 CST

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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

Wall Street Journal Wall Street Journal Apr 7, 08 7:11 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 74 million shares this year and buy the remaining shares by 2011—is among the largest in Swiss history. More »

More about:  Novartis • Nestle

EU Probes Chocolate Price Fixing

Hershey, Mars, others suspected of conspiracy

Associated Press Associated Press Feb 20, 08 6:22 CST
(Newser) - The European Commission suspects candy giant Hershey of conspiring with other chocolate and candy manufacturers in an industry-wide price-fixing scheme, AP reports. Both Hershey and rival Mars recently received requests for information from the commission after some 50 civil lawsuits in the US have alleged price fixing. The two companies say they are cooperating. More »

More about:  Germany • Canada • Mars • conspiracy • European Commission • chocolate • price fixing • candy • Hershey • Nestle • Cadbury Schweppes • Kraft

Chocolate Makers Face Sticky Probe

US and Canada
investigate possible price-fixing

Wall Street Journal Wall Street Journal Dec 20, 07 5:25 PM CST
(Newser) - Following a similar investigation in Canada last month, the Justice Department has launched a probe into possible price-fixing in the US chocolate industry. The suspects form a rich, creamy lineup: M&M maker Mars acknowledged it has been contacted by the DOJ, the Wall Street Journal reports. Nestle, too, says it is aware of the investigation but has not yet been contacted. Other makers declined comment.   More »

More about:  Department of Justice • antitrust • chocolate • price fixing • Hershey • Cadbury Schweppes • Nestle

Dark Chocolate Gets Sweeter Every Day

Milk chocolate's healthier sibling grows more popular than ever

Los Angeles Times Los Angeles Times Aug 22, 07 1:10 PM CDT
(Newser) - Overall chocolate sales are down, but Americans are increasingly indulging their sweet tooth with dark chocolate. The bitter, coffee-flavored treat is on the rise: Last year, dark chocolate sales surged 15% while sales of more popular milk chocolate dipped 5.5%. And boosted by claims of health benefits, dark chocolate accounted for 63% of all new chocolate products in 2006. More »

More about:  FDA • Mars • chocolate • antioxidants • Hershey • flavonoids • Nestle

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