By Benjamin Horney ( September 3, 2014, 7:14 PM EDT) -- Hospira Inc.'s attempt to buy the medical nutrition unit of Danone SA and use the purchase as a way to move its primary residence abroad for tax purposes has hit a snag, according to a Wednesday report from Reuters. Discussions between the Illinois-headquartered pharmaceutical company and food products giant Danone SA, which centered around Hospira buying Danone's medical nutrition business for about $5 billion, have been stopped short, the report said. These so-called tax inversion deals have recently come under heavy scrutiny in the U.S....
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