Nestle To Buy Pfizer Nutrition Unit For $11.85B

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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&Amerger and acquisition
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!