Nestle May Sell Minority Stake in Fort Worth, Texas-Based Eye-Care Company.

Publication: Fort Worth Star-Telegram (Fort Worth, Texas) (via Knight-Ridder/Tribune Business News)

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COPYRIGHT 2001 Fort Worth Star-Telegram

Byline: Jim Fuquay

Oct. 20--FORT WORTH, Texas--Alcon Laboratories' corporate parent, Nestle of Switzerland, said Friday that it may sell a minority stake in the Fort Worth medical company as early as next year, a move that would give Alcon its own publicly traded stock.

Nestle, the world's largest food maker, has owned Alcon since 1977. It said the move would boost its own financial strength and provide a way to invest in Alcon directly.

Alcon is the No. 1 maker of eye care products, with $2.55 billion in sales last year. It employs about 2,600 people at its south Fort Worth campus and more than 11,000 worldwide.

"I expect that little will change at Alcon," Alcon Chairman Tim Sear said in a...

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