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Pfizer Inc. Message Board

  • eureka201213 eureka201213 Apr 23, 2012 4:06 AM Flag

    Nestle wins the bidding war against Danone for PFE"s infant nutritionals

    According to AP, the winning bid is 11.85B which is almost five times the $2.4B in revenues that the unit is expected to book in 2012. By comparison, PFE sold its Consumer Products Division for 4.1 times the $4.04B in revenues that that business had.

    GENEVA (AP) -- 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.

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