Brocker.Org: The British isles organization at the rear of Dettol and Durex is in talks to invest in a US child milk maker for £13 billion

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Reckitt
Benckiser Main Government Rakesh Kapoor.


Reckitt
Benckiser PA Archive/PA Illustrations or photos



LONDON — FTSE 100 purchaser merchandise big Reckitt Benckiser is in
“innovative” talks to purchase US child milk and nutrition group Mead
Johnson for $16.seven billion (£13.one billion).

Reckitt Benckiser, which tends to make everything from experience scrub to
flooring cleaner,
verified the talks in a quick assertion to the market on
Thursday early morning
, expressing it is getting ready to shell out $90 per share
for Mead Johnson.

The organization explained that the pair are now likely by means of
contract conversations and because of diligence and there is no certainty
that a offer may possibly go by means of. If it does finish, Reckitt
Benckiser will finance the offer by means of cash and financial debt.

Slough-headquartered Reckitt Benckiser is regarded for purchaser
manufacturers this sort of as Durex condoms, disinfectant Dettol, Nurofen
painkiller, and rest room cleaner Harpic.

Illinois-based Mead Johnson tends to make child milk and child foods below
the Enfamil, Lactum, and Sustagen manufacturers. Shares in the New York
Stock Exchange-stated small business jumped 23.seven% in soon after-hrs trade
soon after Mead verified the talks, to $86 per share.

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