Wednesday, April 11, 2007

Nestle confirms $5.5 bln Gerber buy from Novartis

(Reuters) - Gerber, a household name in the United States, will generate an estimated $1.95 billion in net proceeds from sales in 2007, Nestle said.

Although Nestle is the world's biggest maker of infant nutritional products, it had lacked a baby food brand in the U.S. and has been keen to buy Gerber for more than a decade.


Read more at Reuters.com Business News

No comments: