Reckitt Benckiser in talks to buy Mead Johnson Nutrition - WSJ
Feb 1 (Reuters) - UK consumer giant Reckitt Benckiser Group Plc is in talks to buy baby-food maker Mead Johnson Nutrition Co, The Wall Street Journal reported, citing sources.
Terms of the potential deal were unclear, people familiar with the matter told the newspaper. (http://on.wsj.com/2kSNSDU)
Mead Johnson, which was valued at $12.84 billion as of Wednesday's close, could fetch more than $15 billion with a takeover premium, the Journal reported.
As with all such negotiations, the talks could fall apart before a deal is reached, the newspaper said.
Neither company was immediately available for comment.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Alan Crosby)
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