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5:27 PM
 | 
Jan 04, 2010
 |  BC Extra  |  Top Story

Novartis exercises Alcon option

Novartis AG (NYSE:NVS; SIX:NOVN) exercised its option to acquire 52% of Alcon Inc. (NYSE:ACL) from Nestle S.A. (SIX:NESN) for $180 per share, or $28.1 billion. The deal will increase Novartis' stake in Alcon to...

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