RB in talks to acquire Mead Johnson

SLOUGH, England — RB on Thursday confirmed the group is in talks involving the acquisiton of  the Mead Johnson Nutrition Company for $90 in cash, valuing Mead Johnson's entire share capital at approximately $16.7 billion.



The parties are presently engaged in a period of due diligence and contract discussion and both companies noted that there is no certainty that any transaction will ultimately be agreed, nor as to the terms on which any transaction might occur.



Mead Johnson's infant nutrition brand Enfamil will be one of the key pieces of the acquisition. In sales of baby formula powders across total U.S. multi-outlets, Mead Johnson is only behind Abbott Nutrition with $1.5 billion in sales for the 52 weeks ended Oct. 30, according to IRI data.