Women, Infants and Children

Glenview-based maker of Enfamil infant formula in talks to be sold for $16.7B

Glenview-based maker of Enfamil infant formula in talks to be sold for $16.7B

Mead Johnson Nutrition, the Glenview-based maker of Enfamil infant formula, might be acquired by the British firm Reckitt Benckiser for about $16.7 billion.

Reckitt Benckiser issued a statement overnight saying it was in advanced negotiations to acquire Mead Johnson for $90 per share, which issued its own release confirming the discussions. Reckitt Benckiser's brands include Lysol disinfectant, Woolite detergent, French's mustard and Durex condoms.

That Mead Johnson is on the brink of a merger will come as no surprise to food industry analysts who have long pegged the global baby food-maker as a takeover target. But Reckitt Benckiser is a dark horse that few, if any, saw...

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