Deals
Danone Said in Talks to Sell Its Medical Unit to Hospira
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Danone, the French consumer products maker, is in talks with Hospira Inc. as a potential buyer for a medical nutrition unit, a person familiar with the matter said.
The companies continue to negotiate a deal for the unit, said the person, who asked not to be identified because the discussions are private. Bloomberg News, citing people familiar with the situation, reported the unit was for sale in May and valued at more than 3 billion euros ($4 billion). Paris-based Danone had also talked to Vevey, Switzerland-based Nestle SA and Bad Homburg, Germany-based Fresenius SE, Bloomberg reported.