2 Feb 2017 07:00
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2 February 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
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Reckitt Benckiser Group plcStatement regarding Mead Johnson
Reckitt Benckiser Group plc ("RB") notes the recent press speculation regarding a possible transaction involving Mead Johnson Nutrition Company ("Mead Johnson").
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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.
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The parties are presently engaged in a period of due diligence and contract discussion.
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RB presently expects to finance the possible transaction through a combination of cash and debt, whilst retaining a strong investment grade credit rating.
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There is no certainty that any transaction will ultimately be agreed, nor as to the terms on which any transaction might occur.
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A further announcement will be made as appropriate.
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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  |
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