SA: M&A on the menu at Nestlé

SEEKING ALPHA reports:

Nestlé (OTCPK:NSRGY) made some news today at a fireside chat that was part of the virtual version of the Barclays Global Consumer Staples Conference.

Execs stated that the company wants to be much more on the acquisitive side now after clearly disposing of more assets than it has bought over the last 18 months.

“That being said, it’s not just about going shopping because we have a strong balance sheet, we have a credit card or whatever. We want to be disciplined in what we do as well,” noted CFO François-Xavier Roger.

He said the company is looking for three main criteria in making a deal.

Click here to read the full post and the fireside chat transcript contained in Seeking Alpha coverage.