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May 14, 2014
07:35 EDTMJN, NSRGY, DANOY, ABTDanone in talks to sell medical nutrition unit, may seek formula maker, FT says
Danone (DANOY) is being advised by JPMorgan (JPM) and stands to raise up to EUR5B from a potential sale of most of its medical nutrition unit, according to Financial Times, which noted that the company is in talks about the division with Nestle (NSRGY) and other potential buyers. People familiar with the talks say Danone could spend any proceeds on acquiring other infant formula producers. The Fly notes that other baby formula makers include Mead Johnson (MJN) and Abbott (ABT). Reference Link
News For DANOY;MJN;ABT;NSRGY From The Last 14 Days
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July 2, 2015
09:22 EDTMJNMead Johnson Nutrition names Michel Cup EVP, CFO
Mead Johnson Nutrition announced that Michel Cup will join the company as executive VP and CFO, effective September 1. Cup will assume responsibility for Mead Johnson’s global finance function and information systems and management. He will also oversee the company’s external development efforts. Cup was most recently the CFO of D.E. Master Blenders 1753, an international coffee and tea company based in the Netherlands. Cup will take over from Charles Urbain, who currently serves as the company’s interim CFO. Effective September 1, Urbain will assume a newly created role as executive VP and COO.
June 28, 2015
16:28 EDTNSRGYNestle U.S. head says company can turn around frozen food sales, Reuters reports
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June 26, 2015
13:00 EDTNSRGYNestle CEO sees emerging market middle class supporting growth, FT says
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June 25, 2015
12:52 EDTABTEU to decide by July 29 on Mylan's bid for Perrigo, Reuters reports
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June 24, 2015
19:43 EDTNSRGYNestle CEO says must 'reconnect with consumers' after noodle ban, AFP reports
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June 23, 2015
13:10 EDTNSRGYNestle appoints Takeda’s Roger as CFO, effective July 1
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