date:Dec 09, 2013
illion Swiss francs ($1.20 billion).
That would mean the placement was done at a 5.3-7.0 percent discount to Thursday's closing price of 1,236 francs. Givaudan shares fell as much as 5.3 percent in early trade on Friday and were down 3.6 percent at 1,191 francs at 1017 GMT.
Shares of Nestle, which said in October it had a list of brands that have underperformed for too long and need to be sold, were up 1.3 percent at 65.35 Swiss francs at 1012.
Nestle acquired the stake in Givaudan, one of it