Nestle

The North American water unit in has been facing fierce competition from discount brands, as well as consumer resistance to plastic packaging. Possible buyers include Coca-Cola and PepsiCo.

The unit includes the Haagen-Dazs and Drumstick brands.

Genstar-backed Drillinginfo acquires Oildex. Marc Benioff buys Time magazine. Western & Southern buys Gerber Life Insurance from Nestle.

Industrial products manufacturer Barnes Group is buying robots parts maker Gimatc from AGIC Capital and Xenon Capital Partners, as robotics fuels M&A.

Nestle SA’s likely retreat from skincare fuels questions about the company’s broader involvement in cosmetics and the future of a prized asset that many investors want to see sold: a $30 billion stake in L’Oreal SA.