Hospira Said To Be in $5 Billion Inversion Deal with Danone

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Mani
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Hospira

Illinois-based Hospira, Inc. (NYSE:HSP) is said to be in talks with Danone SA (ADR) (OTCMKTS:DANOY) (EPA:BN) to buy the French consumer group’s medical nutrition business in a deal that could be worth about $5 billion. According to reports, Danone SA (ADR) (OTCMKTS:DANOY) (EPA:BN), the world’s largest yoghurt-maker by sales, has been working on the sale with the investment bank, JPMorgan Chase & Co. (NYSE:JPM) for some months. Hospira Tax inversion Hospira, Inc. (NYSE:HSP), which had a market value of $8.64 billion at Friday’s market close, could use the deal to redomicile its tax headquarters in France in a deal known…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports