HUENENBERG, Switzerland, Thursday, August 2010 [ME NewsWire]: (BUSINESS WIRE)– Novartis AG (NYSE: NVS) and Nestlé S.A. announced today that they have completed the purchase and sale of approximately 156 million shares of Alcon, Inc. (NYSE: ACL) for US$28.3 billion in cash. The transaction was consummated pursuant to an agreement between Nestlé and Novartis that was [...]
August 29, 2010 | Posted in
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HUENENBERG, Switzerland, Thursday, August 26th 2010 [ME NewsWire]: * Does Not Impact the IDC’s Position with Respect to the Novartis Merger Proposal * IDC Will Continue to Defend Minority Shareholders’ Rights Through All Available and Appropriate Actions (BUSINESS WIRE)– The Alcon Independent Director Committee (the “IDC”) notes the closing of Novartis AG’s (“Novartis”) acquisition of [...]
August 26, 2010 | Posted in
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HUENENBERG, Switzerland, Monday, August 2nd 2010 [ME NewsWire]: * RiskMetrics and Glass Lewis Recommend Shareholders Vote Against Novartis’ Board Designees at Extraordinary General Meeting * Three Leading Corporate Governance Experts Concerned with Novartis’ Attempt to Force Unfair and Coercive Merger Offer on Minority Shareholders (BUSINESS WIRE)– The Alcon Independent Director Committee (the “IDC”) today announced [...]
August 3, 2010 | Posted in
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HUENENBERG, Switzerland, Tuesday, July 27th 2010 [ME NewsWire]: * Alcon Exceeds Street Estimates 29 out of 32 Quarters Since its IPO * Alcon Management and Employees Continue to Build Shareholder Value * Street Expects Strong Momentum and Growth in Business to Continue (BUSINESS WIRE)– The Alcon Independent Director Committee (the “Committee”) noted today that Alcon [...]
July 27, 2010 | Posted in
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• Alcon Litigation Trust Created to Protect Minority Shareholders against Attempts to Circumvent Fair Process Once Novartis’ Acquisition of Nestle’s Stake in Alcon is Completed HUENENBERG, Switzerland, Thursday, July 8th 2010 [ME NewsWire]: (BUSINESS WIRE)– The Alcon Independent Director Committee (the “IDC”) announced today the creation and funding of the Alcon Litigation Trust (the “Trust”), [...]
July 8, 2010 | Posted in
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HUENENBERG, Switzerland, Monday, June 28th 2010 [ME NewsWire]: * Leading Swiss Corporate Governance Expert Says Novartis’ Merger Proposal Cannot Be Approved by the Alcon Board Without Prior Recommendation by the IDC * Legal Opinion Discredits Novartis’ Implications That It Would Be Able to Unilaterally Impose the Merger on Alcon’s Minority Shareholders Irrespective of the IDC’s [...]
June 28, 2010 | Posted in
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