Nestle to buy Pfizer Nutrition for $11.9 billion
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Nestle to buy Pfizer Nutrition for $11.9 billion

www.reuters.com   | 23.04.2012.

ZURICH (Reuters) - Swiss food group Nestle said on Monday it would buy U.S. drugmaker Pfizer's infant nutrition business for $11.85 billion, beating out French rival Danone as both sought to gain preeminence in the lucrative baby food market.
Nestle to buy Pfizer Nutrition for $11.9 billion

"Its strong brands and product portfolio, its talented people dedicated to the success of its business, together with its geographic presence - 85 percent of its sales are in emerging markets - will complement our existing infant nutrition business perfectly," Nestle Chief Executive Paul Bulcke said.

(Reporting by Martin de Sa'Pinto)


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