date:Apr 26, 2012
One of the worlds largest food and nutrition companies, Nestl, has announced its intention to acquire US-based global nutrition company Pfizer Nutrition for US$11.85 billion (AU$11.5 billion).
In its announcement, Nestl said the acquisition (which is subject to regulatory approval) is a strategic move to enhance its position in global infant nutrition.
Pfizer Nutrition is a global pediatric nutrition company with a portfolio of brands encompassing everyday and specialty infant and toddler formul