Danone says discipline prevented Pfizer win

ZURICH (Reuters) - Swiss food group Nestle said on Monday it would buy U.S. drugmaker Pfizer's infant nutrition business for $11.85 billion, beating out French rival Danone as both sought to gain preeminence in the lucrative baby food market. "Its strong brands and product portfolio, its talented people dedicated to the success of its business, together with its geographic presence - 85 percent of its sales are in emerging markets - will complement our existing infant nutrition business perfectly," Nestle Chief Executive Paul Bulcke said. (Reporting by Martin de Sa'Pinto)

ZURICH (Reuters) - Swiss food group Nestle said on Monday it would buy U.S.

PARIS (Reuters) - French food group Danone has raised its offer for Pfizer's infant nutrition business to close to $11 billion in an attempt to outbid rival Nestle , according to news website WanSquare. Danone managers, advised by Lazard, were in New York at the end of this week to conclude the transaction as quickly as possible, WanSquare said. Nestle earlier this week was seen closing in on a deal to buy the Pfizer unit for up to $10 billion, according to sources familiar with the matter. ...

Nestle is set to buy ?s baby food division for $11.9 billion, beating rival to the high-growth business. Acquiring Nutrition, which derives 85% of its sales in emerging markets, will mean a boost in earnings in the first full year and cost synergies of $160 million, Nestle said this morning. Nestle forecasts the division?s 2012 ...

Swiss food group Nestle said on Monday it would buy U.S. drugmaker Pfizer's infant nutrition business for $11.85 billion, beating out French rival Danone as both sought to gain preeminence in the lucrative ...

PARIS (Reuters) - French food group Danone has raised its offer for Pfizer's infant nutrition business to close to $11 billion in an attempt to outbid rival Nestle , according to news website WanSquare.

French food group Danone has raised its offer for Pfizer's infant nutrition business to close to $11 billion in an attempt to outbid rival Nestle , according to news website WanSquare. Danone managers, ...

Ron Rowland submits: Global X introduced a new ETF targeting the global food industry on May 3, and said it will donate all profits to help fight world hunger. The Global X Food ETF (EATX) tracks the Solactive Global Food Index, consisting of the 50 largest global firms with significant business operations in the food industry.