Mexican regulators reject Nestle's (NSRGY.PK) takeover of Pfizer's (PFE) baby foods business in...

|About: Nestle S.A. ADR (NSRGY)|By:, SA News Editor

Mexican regulators reject Nestle's (NSRGY.PK) takeover of Pfizer's (PFE) baby foods business in the country, calculating it would give it a 71%-88% share of the market. Nestle, whose fifth largest market by sales is Mexico, says it will still try to resolve the regulators' concerns. Some sources say Danone (DANOY.PK) could be a potential bidder now for PFE’s Mexican assets.