Danone and Nestle have remained silent over reports that each company has submitted competing preliminary bids for Pfizer‘s baby food business.
According to a Bloomberg report, which cited two unnamed sources, Danone and Nestle have both offered around US$10bn for the business and are now looking at how to overcome antitrust hurdles.
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Bloomberg suggested that Nestle is considering buying Pfizer wholesale and auctioning off businesses that would raise regulatory concerns, while Danone is reportedly weighing a joint bid with Mead Johnson Nutrition.
Danone and Nestle declined to comment on the reports.
Meanwhile, a spokesperson for drug-maker Pfizer told just-food that the group had yet to make a decision over the future of the unit, which generated revenues of $2.14bn last year.
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“We are still exploring options,” the spokesperson said. “These could include – but are not limited to – a sale or spin-off of the business.”
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