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Nestle's Deal Junkie CEO Is a Seller at Last

Andrea Felsted
Nestle's Deal Junkie CEO Is a Seller at Last

Nestle SA’s Chief Executive Officer/deal junkie Mark Schneider has wasted no time in snapping up assets, from a Canadian vitamin maker to Starbucks coffee capsules. On Tuesday, he sold the small Gerber Life insurance unit, for the better-than-expected price of $1.55 billion. The unit generated sales of $2.8 billion last year, and could be worth between $6 billion and $8 billion, according to Jean-Philippe Bertschy, analyst at Vontobel.