Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS


October 25, 2011

 

Mengniu dismisses talks with Pfizer on nutrition unit
 

 

China Mengniu Dairy Co Ltd said Monday (Oct 24) it is not in direct talks with Pfizer to bid for its nutrition business, following a media report it was considering such a move.

 

In a filing with the Hong Kong bourse, Mengniu said "the company is not in any direct negotiation with Pfizer, and currently has no concrete arrangement or plan, in connection with the bid."

 

"The group will closely monitor the development as other dairy producers would do," Mengniu said. "If the company subsequently decides to take part in the bid and enters into any formal negotiation or agreement with Pfizer, the company will make an announcement."

 

It was reported on Sunday that China Mengniu was considering a bid for Pfizer's nutrition business, a unit that could fetch as much as US$10 billion.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read