Nestle's to buy Pfizer infant nutrition division - WAOW - Newsline 9, Wausau News, Weather, Sports

Nestle's to buy Pfizer infant nutrition division

Posted:
(CNN) -

Nestle's Zurich offices have agreed to pay close to 12-billion dollars for Pfizer Incorporated's infant nutrition business.

The deal could help the Swiss food giant expand in emerging markets and solidify its top spot in the global baby-formula market, according to the Wall Street Journal.

It's Nestle's largest purchase sine January 2001 - when the company bought U-S pet-food company Ralston Purina for roughly 10 million dollars.

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