23 abril 2012

Pfizer Expected to Announce Sale of Baby Food Business to Nestle

Pfizer is expected to announce on Monday it has reached a deal to sell its baby food business to Nestlé for more than $10 billion.

The Swiss food giant beat rival Groupe Danone for the Pfizer unit after a months-long auction. Pfizer said in July it would divest the infant-nutrition business as well as an animal-health unit, seeking to focus on its core drugs business.


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