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Dean Best, Managing Editor |
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May 2, 2012 |
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In the spotlight: Nestle's Pfizer buy offers long-term baby food boost Nestle has won through in the battle to acquire Pfizer's baby food business, securing an US$11.85bn deal that will see the world's largest infant nutrition group extend its lead in this fast-growing category. However, with a hefty price tag attached, the deal has not been warmly welcomed by investors. Katy Askew reports.
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