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Rumor: Hospira, Inc. May Buy Danone's Medical-Nutrition Unit For $5 Billion


7/28/2014 6:46:37 AM

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Hospira Inc. has emerged as a bidder for Danone SA's medical-nutrition unit in a deal that could be worth about $5 billion and mark the latest in a flurry of so-called inversion deals designed to sidestep U.S. taxes, according to a person familiar with the matter.

Such a deal, which could allow Lake Forest, Ill.-based Hospira to move its domicile abroad for tax purposes, has yet to be completed, and the talks could lead nowhere.

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