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[–] derram 0 points 1 point (+1|-0) ago 

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Reckitt Benckiser buying Mead Johnson $17.9 billion deal - Business Insider

'LONDON (Reuters) - Reckitt Benckiser has agreed to buy U.S. infant formula maker Mead Johnson Nutrition for $16.6 billion, its biggest deal ever and opening up a new market area for the British consumer goods company. '

'Reckitt said its goal is for the Mead Johnson business to perform at the upper end of estimated category growth of 3 to 5 percent per year in the medium to long term. '

'Reckitt also reported fourth-quarter revenue of 2.76 billion pounds, up 1 percent on a like-for-like basis. '

'It should add a double-digit percentage rate to earnings by the third year, Reckitt said. ', "Reckitt, the British maker of Lysol cleaners and Durex condoms, said on Friday it will pay $90 a share for the company, a 30 percent premium to the stock's closing price the day before Reckittsaid last week it was in talks to buy Mead Johnson."

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