Fresenius AG, Buyout Groups Eye Danone Medical Nutrition Unit
(Reuters) - German healthcare group Fresenius (FREG.DE) as well as buyout groups PAI and Permira are exploring an acquisition of the medical nutrition business of Danone (DANO.PA) after efforts of U.S. drugmaker Hospira (HSP.N) to buy the unit failed, people familiar with the matter said.
The business, which sells products to feed people that are ill, may reap a valuation of 4 to 5 billion euros (6.38 billion US dollar), money that the French group could use for a potential acquisition of U.S. baby formula maker Mead Johnson Nutrition Group (MJN.N), sources familiar with the matter told Reuters.
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The business, which sells products to feed people that are ill, may reap a valuation of 4 to 5 billion euros (6.38 billion US dollar), money that the French group could use for a potential acquisition of U.S. baby formula maker Mead Johnson Nutrition Group (MJN.N), sources familiar with the matter told Reuters.
Hey, check out all the research scientist jobs. Post your resume today!