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Nestle (NSRGY.PK) and Danone (DANOY.PK) have made initial bids for Pfizer's (PFE) baby-formula...

Nestle (NSRGY.PK) and Danone (DANOY.PK) have made initial bids for Pfizer's (PFE) baby-formula division, reports Bloomberg. However, sources claim Pfizer may still opt to spin off the business rather than sell it. It was claimed in July that the unit could fetch as much as $10.5B. Yesterday, Abbott Laboratories (ABT) said it isn't interested in making a bid.
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