The health brand Abbott denied the market rumor of selling its health food products, including milk powder products, at the price of 9 billion dollar, according to the local media yicai.com.
At first, Abbott declined to comment on the market rumor when yicai.com approached, and later updated with the denial.
The health food business is one of the company’s main businesses. In the first quarter of 2018, the health food business generated 1.76 billion dollars as revenue to the company, up by 4.7% in its global sales. (Source: yicai.com)