Reckitt Benckiser Group plc (RB) has confirmed it is in ‘advanced negotiations’ to acquire all Mead Johnson Nutrition shares for $90 each in cash, valuing Mead Johnson’s entire share capital at approximately $16.7bn.
Mead Johnson Nutrition has signed an agreement with Swiss company Ewopharma, a distributor of pharmaceutical and nutritional products in Central Eastern Europe, to launch Nutramigen PURAMINO in Czechia and Slovakia.
Mead Johnson Nutrition cannot foresee "how or when" the US Securities and Exchange Commission (SEC) will conclude its investigation into the promotional practices of its Chinese infant formula business.
Mead Johnson Nutrition has revealed that the US Securities and Exchange Commission (SEC) is probing “certain expenditures” relating to the promotion of infant formula products by its business in China.
Nestlé USA and Mead Johnson Nutrition have dismissed calls to remove genetically-modified organisms (GMO) from their infant formula products in the US – citing the approved use of GMOs by several national and global regulatory bodies.