Monday, April 14, 2008

Lindt & Spruengli wants to remain independent - CEO

'We see absolutely no reason to give up our independence,' he said.
Even a theoretical 20 billion Swiss francs offer from Nestle -- valuing the group at three times its price -- would not be attractive to the group, Tenner said.
Lindt would not even consider accepting such an offer, he said.
Nestle has finally met its match with Lindt. 20 billion Swiss Francs could not even sway them.

1 comment:

L Wilder said...

Lindt wants to continue its tradition of just being a candy company and does not want to be swallowed up by Nestle. If Lindt agreed to the take over, the history of Lindt would be no more.