Hospira Talks to Buy Danone Unit on Hold -Reuters

By Dow Jones Business News, 
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Talks on plans by Hospira Inc. ( HSP ) to buy a Danone S.A. (BN.FR) unit involving a tax inversion play have been put on hold, Reuters reported Wednesday on its website, citing people familiar with the matter.

Medical device maker Hospira has been in talks to pay about $5 billion in cash and stock for Danone's medical nutrition business and in the process lower its tax rate, Reuters reported. With those talks on hold it's unclear if the process could be revived, the people said.

Full story at: www.reuters.com/article/2014/09/03/us-danone-hospira-idUSKBN0GY1VX20140903

Write to nymonitoring@dowjones.com

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  (END) Dow Jones Newswires
  09-03-141308ET
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This article appears in: News Headlines

Referenced Stocks: BN , DANOY , HSP

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