Nestlé underscored its commitment to the infant nutrition business in April with an agreement to acquire Pfizer Nutrition for $11.9 billion. The purchase will complement Nestle’s infant nutrition business because of Pfizer’s strong product portfolio, and vast geographic presence — 85% of its sales are in emerging markets, said Chief Executive Officer Paul Bulcke. “Pfizer Nutrition is an excellent strategic fit and this acquisition underlines our ...

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