Mead Johnson Nutrition (MJN -2.6%) and Danone (DANOY.PK) look like the losers for Pfizer's (PFE...

|About: Mead Johnson Nutrition Company (MJN)|By:, SA News Editor

Mead Johnson Nutrition (MJN -2.6%) and Danone (DANOY.PK) look like the losers for Pfizer's (PFE +0.5%) baby formula business, as PFE reportedly is near a deal to sell the unit to Nestle (NSRGY.PK) for at least $9B. MJN and Danone were said to have teamed up for a bid that may have been as high as $10B.