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

23 Apr 2012

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

Comment: Nestle pays the piper with Pfizer deal

23 Apr 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.

Quote, unquote: just-food's week in words

23 Apr 2012

A raft of first-quarter results stories this week from the likes of Danone and Nestle, and full-year results from Tesco have kept analysts busy.

Editor's choice: the highlights on just-food this week

23 Apr 2012

Tesco's plan to win back UK consumers understandably grabbed the headlines this week but there was plenty to analyse elsewhere. Nestle featured in the latest M&A speculation, with rumours that a deal to buy Pfizer's baby food unit was near and talk that it could sell its ice cream business in Australia. The food giant also kicked off the run of results announcements for the first quarter and joined Danone in outlining the challenges of operating in weak developed markets. Click on the headlines for more.

FRANCE: Danone "raises offer for Pfizer baby food unit"

20 Apr 2012

French food giant Danone has reportedly raised its offer for the infant nutrition business of US pharmaceutical group Pfizer.

Comment: Could Pfizer be playing hardball over baby food?

19 Apr 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 Apr 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.

UPDATE 1: US: Nestle seen as likely buyer for Pfizer baby food unit

18 Apr 2012

Nestle is the most likely candidate to acquire the infant nutrition arm of US pharmaceutical group Pfizer, analysts have suggested.

US: Pfizer "nearing" sale of infant-nutrition business

18 Apr 2012

Pfizer is reportedly nearing an agreement to sell its infant nutrition business, with both Nestle and Danone linked to the deal.

Quote, unquote: just-food's week in words

27 Feb 2012

This week, just-food was kept busy with news from the Consumer Analyst Group of New York (CAGNY) conference, held in Florida.

Editor's choice: the highlights on just-food this week

27 Feb 2012

CAGNY, the annual conference where leading US food makers face Wall Street analysts, saw the likes of General Mills, ConAgra Foods and Heinz this week reflect on the trading challenges facing the industry. Elsewhere, Pfizer tried to cool fresh speculation around the sale of its baby food business, Kerry Group said it would slow its rate of acquisitions this year and there were rumours a French state fund was in talks to invest in poultry giant Groupe Doux.

UPDATE: US: Pfizer tries to cool baby food "speculation"

24 Feb 2012

Pfizer has insisted claims it has allowed Mead Johnson and Danone to table a joint bid for its infant nutrition business is "speculation" and said no decision has been made over the future of the division.

CAGNY: Heinz open to Pfizer baby-food morsels

24 Feb 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: Mead Johnson, Danone "team up on Pfizer baby food bid"

24 Feb 2012

US infant nutrition firm Mead Johnson and French food group Danone, the owner of Aptamil baby formula, is reportedly set to table a joint bid for the baby food business of pharma giant Pfizer.

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

20 Feb 2012

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

Editor's choice: highlights on just-food this week

13 Jan 2012

The performance of the UK food retail sector over Christmas came under scrutiny this week and there were some clear winners and losers. Elsewhere, the M&A rumour mill continued to turn, with German yoghurt giant Müller in talks to buy UK milk supplier Robert Wiseman Dairies. In the US, baker Hostess Brands applied for Chapter 11 protection for a second time, Cargill reported its worst quarter in a decade and Archer Daniels Midland announced a swathe of job cuts. On just-food's insight pages, we looked at Bi-Lo's plan to buy fellow UK retailer Winn-Dixie and at the importance of price optimisation.

UPDATE: US: No decision yet on baby food unit, says Pfizer

10 Jan 2012

US pharmaceutical giant Pfizer has said it has yet to decide on whether it will sell its infant nutrition business following claims that HJ Heinz, Nestle and Danone have made bids for the unit.

US: Heinz, Nestle, Danone "bid for Pfizer baby food unit"

10 Jan 2012

HJ Heinz, Danone and Nestle have all been linked to bids for Pfizer's infant nutrition business.

Quote, unquote: just-food's week in words

31 Oct 2011

This week, key M&A announcements dominated the headlines with US food maker Hain Celestial acquiring UK chilled foods firm Daniels Group, in a bid to expand the international presence of both companies. Ireland-based Greencore was in sales talks with unnamed sources. Meanwhile, rival confectioneries Ferrero and Hershey look to expand overseas.

Editor's choice: the highlights on just-food last week

31 Oct 2011

We had this week that M&A activity in the food industry - at least in the UK - had slowed in the third quarter of the year but the final three months has seen deal-making return to the headlines with Hain Celestial's takeover of Daniels Group and rumours around the future of Greencore. Click on the headlines for more.

CHINA/US: Mengniu cools talk of Pfizer baby food bid

24 Oct 2011

Mengniu Dairy, China's largest dairy firm, has played down reports that it is preparing a bid for the baby food business of US pharmaceuticals giant Pfizer.

US: Pfizer Q2 infant nutrition sales rise

3 Aug 2011

Pfizer has revealed that its nutrition division reported an increase in second-quarter sales as the US pharmaceuticals group confirmed it is still evaluating the future of the business.

US: Pfizer coy on infant nutrition plans

29 Jul 2011

Pfizer has remained coy on reports that it does plan to sell its infant nutrition business in an auction that may fetch as much as US$10.5bn.

Editor's choice: the highlights on just-food this week

15 Jul 2011

Premier Foods' appointment of Kraft's Mike Clarke as its new CEO this week was a surprise move but one welcomed by the market. Investors in Brasil Foods were also cheered by the news that the 2009 merger that created the company was cleared by Brazil's competition watchdog. However, a plan to combine Brazil's largest retailer, CBD, with Carrefour's local operations was halted amid continued opposition from Casino, which prompted the country's national development bank to pull planned funding for the deal. Click on the headlines for more.

UPDATE: US: Pfizer baby food sale could spark bidding war - analyst

11 Jul 2011

Pfizer's plans to sell its baby food business is likely to spark a bidding war between Nestle, Danone and HJ Heinz, according to one analyst.

US: Pfizer considers offloading baby food division

11 Jul 2011

US-based Pfizer has revealed that it is considering shedding its nutrition and animal health businesses.

CHINA: AAK opens China office, appoints country manager

1 Mar 2011

AarhusKarlshamn has opened a sales office in Shanghai and appointed Rick Luo as country manager for China.


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