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Reckitt Benckiser Agreed To Purchase US Mead Johnson

Reckitt Benckiser (RB.L) agreed to buy US baby formula manufacturer Mead Johnson Nutrition (MJN.N) $ 16600000000, the largest trade and open new markets for the British consumer goods company.

Reckitt, the British manufacturer of cleaning products Lysol and Durex condoms, said on Friday that it would be $ 90 a share for the company, 30 percent higher than the closing price the day before Reckitt said last week that Was negotiating the purchase of Mead Johnson.

Liabilities, Mead Johnson, many are worth $ 17.9 billion.

Reckitt said his goal is to make the upper-class business growth Mead Johnson estimated at 3-5 percent a year in the medium-term and long-term.

200 million pounds of annual cost savings by the end of the third full, and will increase the income of the full first year. He needs to add double-digit percentage gains in the third year, Reckitt said.

Reckitt also in the fourth quarter, sales of 2760000000 pounds, up 1 percent comparable basis. Throughout the year, as for as increase of 3 percent.

Reported revenue for the entire year

Reported revenue for the entire year totaled 256.5p, an increase of 6 percent.

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