
Swiss food and nutrition giant Nestle plans to shell out $11.9 billion to buy Pfizer’s nutrition unit, whose products include baby formula brands SMA and Promil.The division is expected to reel in $2.4 billion in sales this year and gets 85% of its revenue from emerging markets, whose large and rapidly growing populations are a key target for Nestle. Pfizer has the fifth-largest infant formula .. more …








