Danone suitors down to a pair

Nestle (NSRGY) and Fresenius are the last two potential buyers of Danone's $5.5B Medical Nutrition business still standing.

Nestle is already a big player in the market while Fresenius says the Danone business will complement its Kabi division that makes tube and IV feeding equipment and generic infusion drugs.

Danone will likely use the proceeds to expand its baby food and dairy businesses.

Unsurprisingly, the parties decline to comment at this time.

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