SUMMARY
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Swiss food giant Nestle beats Danone for the control of Pfizer’s infant nutrition business. This $11.9 billion cash deal allows Nestle to expand its footprint in the global baby food market, while Pfizer could now focus on its core drug-making business. The baby infant nutrition business has been a growing segment in the healthy food category, with the emerging markets contributing most of the growth.
Read more on Dealbook.
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