LONDON: British consumer health giant Reckitt Benckiser, which makes Durex condoms and Nurofen painkillers, said Friday it has agreed to buy US infant and child nutrition specialist Mead Johnson for $16.6 billion.
The friendly takeover, worth the equivalent of 15.5 billion euros, was pitched at $90 per share and will “significantly strengthen” the group’s presence in developing markets like China, Reckitt said in a statement.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.