Nestlé and Alcon - the Value of a Listing
Posted: 18 Aug 2006
Date Written: 2006
In response to a perceived undervaluation by the capital markets, Nestlé is considering divesting a part of its ophthalmology subsidiary, Alcon, and must decide on a listing location. In the process, students are challenged to wrestle with the valuation of a conglomerate, the tradeoffs involved in listing in the United States versus Europe, and the incentive and tax consequences of that listing decision.
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