Danone (DANOY.PK -2.3%), bidding along with Mead Johnson (MJN +1.8%), reportedly raises its...

|About: Danone ADR (DANOY)|By:, SA News Editor

Danone (DANOY.PK -2.3%), bidding along with Mead Johnson (MJN +1.8%), reportedly raises its offer for Pfizer's (PFE +1.2%) infant nutrition business to nearly $11B. Analysts say Danone needs the business or it will face a problem of how to expand. Nestle (NSRGY.PK +0.2%) earlier this week was seen closing in on a deal to buy the Pfizer unit for at least $9B.