Mead Johnson

Mead Johnson has agreed to a Reckitt Benckiser takeover deal.

Mead Johnson Nutrition agrees Reckitt Benckiser takeover

By Jim Cornall

Reckitt Benckiser Group plc (RB) has signed a merger agreement with Mead Johnson Nutrition Company (Mead Johnson) under which Mead Johnson shareholders will receive $90 in cash for each share of common stock, valuing the total equity at $16.6bn.