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Nestle Chairman Says L'Oreal Sale Is an 'Active' Issue for Board -FT

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--A sale of Nestle's stake in the cosmetics form L'Oreal is "something active on the board's agenda", chairman of Nestle's board Paul Bulcke told the Financial Times. --Nestle will "take the right action at the right time" regarding a potential divestment, Mr. Bulcke told the FT. --Activist investor Third Point has been pushing the Swiss food and beverage company to sell its 23% stake in L'Oreal and use the proceeds to buy back shares...

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