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Danone, Nestle Said To Have Made Bids Of About $10 Billion For Pfizer Unit-Bloomberg TV

DOW JONES NEWSWIRES French dairy and bottled water company Danone SA (BN.FR) and Swiss food company Nestle SA (NESN.VX) have submitted preliminary bids of about $10 billion for Pfizer Inc.'s (PFE) infant nutrition unit, Bloomberg News reported Friday on its website, citing two people familiar with the matter. The two potential suitors are working to overcome antitrust issues, the sources said. Nestle is considering conducting a post-purchase auction of some assets to satisfy concerns of market domination, one person told Bloomberg. For its part, Danone is considering a joint bid for the unit with Mead Johnson Nutrition Co. (MJN) and may split the business according to geography or brands. Danone and Nestle may present their plans to Pfizer in the coming weeks. Pfizer spokeswoman Joan Campion told Bloomberg the company has not made a decision on the nutrition business, and is in the process of exploring options for the unit. Spokesmen for Danone and Nestle declined comment to Bloomberg. Full story at: -Dow Jones Newswires; 212-416-2900

Stock News for Morgan Stanley Dw Str Sat Att (MJN)
11/15/201609:02:10Current Report Filing (8-k)
11/11/201617:49:00Mead Johnson to Present at the Morgan Stanley Global Consumer...
11/02/201612:11:01Statement of Changes in Beneficial Ownership (4)
11/01/201609:28:55Statement of Changes in Beneficial Ownership (4)
10/27/201607:51:44Quarterly Report (10-q)
10/27/201607:36:38Current Report Filing (8-k)
10/27/201607:30:00Mead Johnson Nutrition Reports Third Quarter & Nine Months 2016...
10/04/201615:03:33Statement of Changes in Beneficial Ownership (4)
10/03/201608:07:00Mead Johnson Schedules Third Quarter and Nine-Month 2016 Earnings...
09/08/201608:00:00Mead Johnson Board of Directors Announces Dividend
09/07/201608:32:06Current Report Filing (8-k)
08/31/201608:30:00Mead Johnson to Present at the Barclays Global Consumer Staples...
08/15/201616:49:50Statement of Changes in Beneficial Ownership (4)
08/05/201616:50:23Statement of Changes in Beneficial Ownership (4)
07/28/201608:02:33Quarterly Report (10-q)
07/28/201607:39:18Current Report Filing (8-k)
07/28/201607:30:00Mead Johnson Nutrition Reports Second Quarter & First Half 2016...
07/20/201611:26:29Statement of Changes in Beneficial Ownership (4)
07/01/201608:00:00Mead Johnson Schedules Second Quarter and First Half 2016 Earnings...
06/27/201614:56:09Annual Report of Employee Stock Plans (11-k)

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