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Nestle (NSRGY.PK) and Danone (DANOY.PK) have submitted preliminary bids of ~$10B for Pfizer's...

Nestle (NSRGY.PK) and Danone (DANOY.PK) have submitted preliminary bids of ~$10B for Pfizer's (PFE) infant nutrition business, according to Bloomberg, in-line with the unit's estimated value. However, with the bids likely to face regulatory hurdles, Nestle is said to be considering making asset sales as part of any deal, while Danone is reportedly considering a joint bid with Mead Johnson (MJN).
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