As stated in the past, that after we completed the SAP implementation and the actions to achieve full standalone status, we would have more resources available to consider business development growth opportunities to complement our compelling organic growth strategies. Our business development focus will be on tuck-in deals like this one that allows to further strengthen growth with a primary focus on emerging markets.Since Kasper will share our operating segment results shortly, let me provide an update on our full-year guidance. We continue to be very positive about our outlook for the year and expect our annual constant dollar sales growth to be in the range of 9% to 11%, up from our previous guidance of 7% to 9%. About 1.5 points of this increase is driven by the acquisition in Argentina with the remainder from modestly higher expectations to growth in our emerging markets.
Mead Johnson Nutrition's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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