Reckitt Benckiser to Acquire Mead Johnson for $16.6 Billion

Newsmax | 2/10/2017 | Staff
doona07doona07 (Posted by) Level 3
LONDON (AP) — British household products company Reckitt Benckiser is acquiring U.S. baby formula maker Mead Johnson for $16.6 billion in a move that will help the company grow in China.

Reckitt Benckiser, which makes products ranging from condoms to Lysol, offered $90 for each Mead Johnson share, or about $16.6 billion. That's a 29 percent premium from Mead Johnson's closing stock price on Feb. 1 —...
(Excerpt) Read more at: Newsmax
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!