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Fly News Breaks for January 19, 2017
NSRGY, MJN
Jan 19, 2017 | 07:21 EDT
After StreetInsider reported that Nestle (NSRGY) is interested in buying Mead Johnson (MJN) , Wells Fargo sees a "rationale" for the potential deal. The firm says that Nestle is only interested in a large-scale acquisition if it helps the company gain ground in the North American skin health market. The firm adds that Nestle's new CEO is viewed as being interested in expanding the company's medical food and health sceinces business.
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