The death of Liliane Bettencourt has caused a lot of speculation about the future of L'Oreal.
L'Oreal closed at +4.35%, whereas Nestle, which holds 22% of L'Oreal, at -0.16%.
What do you think could happen to the French firm? Buying a larger stake of L'Oreal would cost Nestle billions ( $120 billion to buy the remaining 78%, according to Bloomberg ).
On the other hand, L'Oreal has the cash to buy the whole stake of Nestle, but the Swiss firm, after obtaining >$10 billion for its stake, would need to find worthy investments... possible M&A activities?
What do you think? As a Nestle investor I just hope the firm sells its whole stake and sets a huge dividend.