Reckitt Benckiser starts discussions on sale of Mead Johnson, Lysol assets - report [Seeking Alpha]
RECKITT BENCKISR GP S/ADR (RBGLY)
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Source: Seeking Alpha
Those brands include the baby formula maker Mead Johnson, Mucinex cold medicines, Durex condoms, and Lysol disinfecting products, according to a Bloomberg report. The news service said these and other assets could bring in up to £6B ($7.9B). Bloomberg noted that Reckitt Benckiser ( OTCPK:RBGLY ) is working with Morgan Stanley on unloading the assets, which is likely to formally begin in the coming months and finish in 2025. Goldman Sachs is apparently working on finding a buyer for the Mead Johnson products. As of Tuesday's close on the London Stock Exchange, Reckitt Benckiser shares are down ~16% year to date. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News
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