Nestle to buy Ralston Purina in $10 billion deal
Nestle S A to acquire Ralston Purina for 10 billion in cash plus assumption of 1.2 billion debt. Price of 33.50 per share represents a 36 percent premium over the recent close with Nestle forming Nestle Purina Pet Care by merging Friskies and Purina with Ralston. Patrick McGinnis to head the North American unit. regulatory and shareholder approvals ahead.
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Peter Brabeck-Letmathe
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Spillers Pet Food
Diety
$250 Million Gift to Create Coleman Institute at CU
Silicon Valley entrepreneur Bill Coleman and his wife Claudia donated a record 250 million dollars to the University of Colorado to establish the Coleman Institute for Cognitive Disabilities. The funds, paid over five years, support research on technology aiding people with disabilities including Down syndrome and autism. BEA Systems founder Coleman and CU officials highlighted the university’s growing role in developmental disabilities and assistive tech.
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University of Colorado
Chronicle of Higher Education
To Coleman
BEA Systems
San Jose
Calif
Claudia
Coleman Institute For
Colemans
Bill Coleman
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