NSRGY - Nestle said to be unloading bottled water brands

Nestle SA ([[NSRGY]] -0.1%) is in exclusive talks to sell its North American bottled water business to private equity firm One Rock Capital, according to Reuters.The sale is expected to include the Pure Life, Poland Spring, Deer Park, Ozarka, Ice Mountain, Zephyrhills and Arrowhead brands. A deal price of more than is anticipated.Sources say a deal could be announced as early as next month. For investors tired of roller coaster rides with their stocks, Sven Carlin tips Nestle could be a good fit. "I would expect a 5% long-term return from investing in Nestle which is not bad considering the zero interest rate environment," he writes on Seeking Alpha.

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Nestle said to be unloading bottled water brands