Nestle (OTCPK:NSRGY) is close to striking an agreement with German retailers and grocery chains ovr pricing, according to Reuters.

The consumer products giant has been in a bitter pricing dispute with European retailers for several months, escalated recently by a boycott from purchase alliance AgeCore. Nestle managers are said to be willing to make concession on key points to calm the waters.

Shares of Nestle are up 0.4% in Zurich trading.



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