Nestlé to Acquire Pfizer’s Nutrition Business for $11.85 Billion

Pfizer says it has entered into an agreement to divest its nutrition business to Nestlé (Vevey, Switzerland) for $11.85 billion in cash. Pfizer’s nutrition business recorded sales of about $2.1 billion in 2011, an increase of 15% versus 2010. Pfizer Nutrition is a global pediatric nutrition business with brands encompassing everyday and specialty infant and toddler formulas, follow-on formulas, as well as maternal and adult nutrition products. About 85% of Pfizer Nutrition’s sales are in emerging markets. The transaction is subject to...

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