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Business
4:42 am
Mon April 23, 2012

Business News

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Originally published on Mon April 23, 2012 7:09 am

Swiss food and drink giant Nestle announced a deal Monday to acquire Pfizer Inc.'s infant-nutrition business for $11.85 billion in a bid to boost sales in emerging markets. Before the announcement, Nestle already had the largest share of the global baby-formula market at just under 20 percent.

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