Lee Linthicum News
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After running a marathon, Unilever Chief Executive Officer Paul Polman revives himself with his company’s Slim-Fast bars. Today it’s Slim-Fast that’s in need of revival.
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Liz Harper’s dog once dined on bowls of Mars Inc.’s Royal Canin tailored to the Boxer breed and packed with the heart-healthy amino acid L-carnitine. She’d wash it down with Bowser Beer, a dog drink brewed from malt barley and salt-free chicken stock. Today, Billie Holiday has to settle for kibble from the local Target Corp. store.
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Pfizer Inc. Chief Executive Officer Ian Read said the company’s decision to sell or spin off its animal and nutritional health units hasn’t reached a conclusion.
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Cocoa grinders are increasing output by the most in two years to meet record demand for chocolate, at a time when declining West African supply means the first shortages of beans in three seasons.
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Pfizer Inc., the world’s largest drug maker, is near an agreement to sell its infant-nutrition business to Nestle SA for about $11 billion, said people with knowledge of the matter.
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Nestle SA and Danone SA made first- round bids for Pfizer Inc.’s baby-formula unit, putting two of Europe’s largest food companies in competition for the division, people with knowledge of the matter said.
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Nestle SA, the world’s biggest food company, agreed to buy Pfizer Inc.’s infant-nutrition unit for $11.9 billion, edging out Danone in a contest for a business that gets most of its sales in fast-growing emerging markets.
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Nestle SA and Danone SA made first- round bids for Pfizer Inc.’s baby-formula unit, putting two of Europe’s largest food companies in competition for the division, people with knowledge of the matter said.
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