Swiss food giant Nestle on Monday confirmed that it was in talks to acquire “all or part of” The Bountiful Company. The maker of Nature’s Bounty vitamins is backed by private-equity firm KKR & Co. and had been planning a U.S. initial public offering. Nestle’s statement follows media speculation about such a deal, with The Wall Street Journal reporting on Friday that Nestle was looking at a mid-single-digit billion-dollar deal for The Bountiful Co. A spokesperson for The Bountiful Co. could not immediately be reached for comment. Shares of Nestle fell 0.8% in Zurich on Monday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
