Nestle to buy Pfizer's infant-nutrition business
Nestle to buy Pfizer's infant-nutrition business GENEVA -- Swiss food and drink giant Nestle SA announced a deal Monday to acquire Pfizer Inc.'s infant-nutrition business for $11.85 billion in a bid to boost sales in emerging markets.
The company based in Vevey, Switzerland said the acquisition would "enhance its position in global infant nutrition" because 85 percent of the Pfizer Nutrition unit's sales is in emerging markets, many of which have large, fast-growing populations.
The... read more
23 April 2012 in
Business,
Views: 2
Source: The Miami Herald
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