Entries tagged "Bristol Myers Squibb"
Mead Johnson Nutrition raises $720 million and becomes the first initial public offering since November 2008.
As rival pharmaceutical companies begin to pair up, Bristol-Myers Squibb prepares to unload its children's nutrition unit Mead Johnson.
Three months after announcing a strategic review of its Mead Johnson baby formula unit, pharmaceutical giant Bristol-Myers Squibb reportedly has ratcheted up the sale process. Bristol Myers, which is asking $7 billion to $9 billion for the unit best known for the Enfamil brand, reportedly has contacted food giants PepsiCo, Danone, Nestlé, Kraft and Heinz, and pharma rivals Johnson & Johnson, GlaxoSmithKline and Novartis, the Financial Times said. ...
