Food giant Nestle buys Pfizer Nutrition for $14.8b

[Jman888]

Next time there might be something 'add-on' in our milo :D

 

But look at the purchase price, that is a lot of blue pill

 

Food giant Nestle buys Pfizer Nutrition for $14.8b

 

ZURICH, SWITZERLAND - Swiss food giant Nestle said Monday it has agreed to pay US$11.85 billion(S$14.8 billion) to acquire infant food maker Pfizer Nutrition, which generates about 85 per cent of its sales from emerging markets.

 

"Pfizer Nutrition is an excellent strategic fit and this acquisition underlines our commitment to be the world's leading nutrition, health and wellness company," Nestle chief executive Paul Bulcke said in a statement.

 

The group added that the takeover would "complement our existing infant nutrition business perfectly."

 

Nestle estimates that Pfizer Nutrition's sales would reach about US$2.4 billion in 2012.

 

Financial media have in the past weeks been speculating about an imminent acquisition by the Swiss group, which has significant funds after it sold eyecare giant Alcon to Novartis in 2010 for US$51.6 billion.

 

 

[Ender]

Hope the milo I drink got the blue effect.

[Tianmo]

going to see blue label milo soon???................. [laugh]

[Tjkbeluga]

Drink Nescafe next time will have "cocky" effect.... hahaha

[Alpha78]

Wah lao, Pfizer Nutrition makes baby food, not the blue pill...

[Jman888]

Wah lao, Pfizer Nutrition makes baby food, not the blue pill...

 

 

oh issit?

 

 

but they need to strategies how to make more baby before they can sell more baby food, right?

[Darthrevan]

free prozac supplements in the foods in future?

[G4ED]

Whoa. They just got merged with Wyeth not too long ago.

[Damienic]

They bought over Wyeth, not exactly a merger.

 

[Genes]

Yea, I think Pfizer turned a nice profit rolling Wyeth to Nestle. Abbot next? haha

[Anyname]

Yea, I think Pfizer turned a nice profit rolling Wyeth to Nestle. Abbot next? haha

You might not be far wrong, after seeking their animal division, they will be loaded for bear.

Abbot is about split, into nutrition and pharmaceutical divisions. The latter has a good replacement for Lipitor which has gone off patent in the important markets.

[Scb11980]

what this means

is that

we are all going to be screwed in the long run

monopoly

 

[Porker]

Looks like LBOs are kinda the rage again