Reckitt Benckiser Gp

Statement regarding Mead Johnson

RNS Number : 8437V
Reckitt Benckiser Group PLC
02 February 2017
 

 

 

 

 

 

2 February 2017

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

 

Reckitt Benckiser Group plc
Statement regarding Mead Johnson

Reckitt Benckiser Group plc ("RB") notes the recent press speculation regarding a possible transaction involving Mead Johnson Nutrition Company ("Mead Johnson").

 

RB confirms that it is in advanced negotiations to acquire each Mead Johnson share for $90 in cash, valuing Mead Johnson's entire share capital at approximately $16.7 billion.

 

The parties are presently engaged in a period of due diligence and contract discussion.

 

RB presently expects to finance the possible transaction through a combination of cash and debt, whilst retaining a strong investment grade credit rating.

 

There is no certainty that any transaction will ultimately be agreed, nor as to the terms on which any transaction might occur.

 

A further announcement will be made as appropriate.

 

For further information, please contact:

RB

Richard Joyce

SVP, Investor Relations, Communications & External Affairs

 

              

+44 (0)1753 217800

Brunswick (Financial PR)

Gabrielle Silver & David Litterick

 

              +44 (0)20 7404 5959

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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