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 as tax inversion.
Tax inversions facilitate U.S. companies in paying lower tax rates...
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