Danone, Nestle Said To Have Made Bids Of About $10 Billion For Pfizer Unit-Bloomberg TV

Date : 02/17/2012 @ 2:00PM
Source : Dow Jones News
Stock : Mead Johnson Nutrition Company (MJN)
Quote : 88.8  -0.16 (-0.18%) @ 4:05PM

Danone, Nestle Said To Have Made Bids Of About $10 Billion For Pfizer Unit-Bloomberg TV

Danone (EU:BN)
Historical Stock Chart

5 Years : From Apr 2012 to Apr 2017

Click Here for more Danone Charts.

French dairy and bottled water company Danone SA (BN.FR) and Swiss food company Nestle SA (NESN.VX) have submitted preliminary bids of about $10 billion for Pfizer Inc.'s (PFE) infant nutrition unit, Bloomberg News reported Friday on its website, citing two people familiar with the matter.

The two potential suitors are working to overcome antitrust issues, the sources said. Nestle is considering conducting a post-purchase auction of some assets to satisfy concerns of market domination, one person told Bloomberg. For its part, Danone is considering a joint bid for the unit with Mead Johnson Nutrition Co. (MJN) and may split the business according to geography or brands.

Danone and Nestle may present their plans to Pfizer in the coming weeks.

Pfizer spokeswoman Joan Campion told Bloomberg the company has not made a decision on the nutrition business, and is in the process of exploring options for the unit.

Spokesmen for Danone and Nestle declined comment to Bloomberg.

Full story at: www.bloomberg.com/news/2012-02-17/danone-said-to-vie-with-nestle-on-antitrust-plan-for-pfizer-nutrition-unit.html

-Dow Jones Newswires; 212-416-2900




Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.