Nestle moves to buy Pfizer's baby food arm

Nestle moves to buy Pfizer

The world's largest food manufacturer beat off reported interest from Danone with a deal worth US$11.9bn. But has the Swiss food giant paid too much?

In the spotlight: Nestle's Pfizer buy offers long-term baby food boost

23 April 2012

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.

Comment: Nestle pays the piper with Pfizer deal

23 April 2012

Announcing its US$11.85bn acquisition of Pfizer's baby food unit this morning (23 April), it was interesting to note that Nestle took a slightly unusual tact in presenting the deal multiples.

US: Nestle acquires Pfizer baby food arm for US$11.85bn

23 April 2012

Nestle has agreed a deal to acquire the infant nutrition business of US pharmaceuticals group Pfizer for US$11.85bn.

Comment: Could Pfizer be playing hardball over baby food?

19 April 2012

Anticipation is mounting over the likely sale of Pfizer's baby food business, with an announcement widely expected next week.

UPDATE 2: US: Pfizer seeks "maximum value" from baby food unit

18 April 2012

US pharmaceutical group Pfizer has insisted it will get maximum value for its shareholders out of any move to separate its infant nutrition business.

CAGNY: Heinz open to Pfizer baby-food morsels

24 February 2012

Heinz chief executive Bill Johnson has suggested the US food giant would be interesting in buying any assets that could emerge if Pfizer's infant nutrition unit is sold.

US: Danone, Nestle "submit bids" for Pfizer baby food unit

20 February 2012

Danone and Nestle have remained silent over reports that each company has submitted competing preliminary bids for Pfizer's baby food business.

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Nestle moves to buy Pfizer's baby food arm

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