4 ETFs React to Nestle and Starbucks Joining Forces
This article was originally published on ETFTrends.com.
Nestle and Starbucks are joining forces to pump new flavor into the coffee industry and the related ETFs are reacting. Nestle is going to start selling Starbucks coffee and will pay the U.S. chain $7.15 billion. Nestle shares rose as much as 0.8 percent in early Zurich trading. The stock has dropped about 9 percent [...]