date:Apr 23, 2012
f Pfizer following its acquisition of Wyeth in 2009, sells baby formula and maternal supplements and owns formula brands such as SMA Gold and Promil Gold.
The business, which generates 70% of its sales from emerging markets, has revenues of $2.1bn and has been growing at 8% annually. It faces competition from Danone, Nestl, Mead Johnson and Abbott Laboratories.
Meanwhile, Pfizer has hired JP Morgan Chase, Bank of America Merrill Lynch and Morgan Stanley for an initial public offering of the anim