Nestle To Buy Pfizer Nutrition Unit For $11.85B

by Monica Gerson, Benzinga Staff Writer
April 23, 2012 3:30 AM | 16 seconds read |
Nestle SA NSRGY announced its plans to buy Pfizer Inc PFE infant nutrition business for $11.85 billion. Nestle expects the acquisition to generate 2012 sales of $2.4 billion. NSRGY shares closed at $63.05 on Friday, while PFE shares closed at $22.56 on Friday.
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