Pfizer Inc.is expected to announce a more-than-$10-billion deal Monday to sell its baby-food business to Nestlé SA , The Wall Street Journal reported late Sunday, citing unnamed people familiar with the matter
Pfizer had said in July it would sell its infant-nutrition business, and Swiss-based Nestlé was able beat out French rival Groupe Danone SA for the unit, the report said. Nestlé is already the world leader for baby formula with a 17% global market share, and the deal will allow it to expand its sales in China, according to the report
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