Nestle to buy Pfizer’s infant-nutrition business

<p>GENEVA (AP) — Swiss food and splash hulk <span>Nestle SA</span> announced a understanding Monday to acquire <span>Pfizer Inc.</span>‘s infant-nutrition business for $11.85 billion in a bid to boost sales in rising markets.</p>
<p>The association formed in <span>Vevey, Switzerland</span> pronounced a merger would “enhance a position in tellurian <span>infant nutrition</span>” given 85 percent of a <span>Pfizer Nutrition unit</span>‘s sales is in rising markets, many of that have large, fast-growing populations.</p>
<p>The understanding would quite assistance Nestle to boost expansion in China and say a position as one of a world’s largest sellers of <span>infant formula</span>. It is theme to regulatory approval, however, and Nestle, given it already sells so many tot formula, might face some antitrust hurdles to finish a deal.</p>
<p>Nestle’s shares fell 3 percent to 55....