Reckitt Benckiser Is in Talks to Buy Mead Johnson
02 February 2017 - 10:34AM
Dow Jones News
By Dana Mattioli and Dana Cimilluca
Reckitt Benckiser Group PLC is in talks to buy baby-food maker
Mead Johnson Nutrition Co., according to people familiar with the
matter, a move that would further a push by the U.K. consumer giant
into the healthy-products arena.
Terms of the potential deal are unclear, but with a market value
of $12.9 billion Wednesday and a stock that is down more than 30%
from its 2015 high, Mead Johnson could fetch more than $15 billion
with a takeover premium. Reckitt has a market value of GBP48
billion ($60 billion). As with all such negotiations, the talks
could fall apart before a deal is reached.
Write to Dana Mattioli at dana.mattioli@wsj.com and Dana
Cimilluca at dana.cimilluca@wsj.com
(END) Dow Jones Newswires
February 01, 2017 18:19 ET (23:19 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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