Mead Johnson Nutrition Merger with Reckitt Benckiser Completed
June 15 2017 - 8:41AM
Business Wire
Mead Johnson Nutrition Company (MJN) announced today that its
merger with Reckitt Benckiser Group plc (RB) has been completed. As
a result of the transaction, Mead Johnson’s common stock is no
longer traded on the New York Stock Exchange, effective today. Mead
Johnson is now a division of RB, adding its globally-recognized
brands, including Enfa™ and Nutramigen©, to RB’s powerful consumer
health portfolio.
"We are pleased that the completion of this transaction returns
significant and immediate value to our shareholders,” said James
Cornelius, MJN's Chairman of the Board. “The merger with RB is a
recognition of the strong growth and geographic expansion the Mead
Johnson business achieved since the company’s split-off from
Bristol-Meyers Squibb in 2009. We wish our thousands of employees,
whose work and dedication enabled this success, all the best in the
next chapter of the Mead Johnson story. We expect the business and
brands to continue to flourish as part of RB, with its larger scale
and proven marketing and innovation prowess.”
About Mead Johnson
Mead Johnson, a global leader in pediatric nutrition, develops,
manufactures, markets and distributes more than 70 products in over
50 markets worldwide. The company's mission is to nourish the
world's children for the best start in life. The Mead Johnson name
has been associated with science-based pediatric nutrition products
for over 110 years. The company's Enfa™ family of brands, including
Enfamil® infant formula, is a world leading brand franchise in
pediatric nutrition.
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version on businesswire.com: http://www.businesswire.com/news/home/20170615005692/en/
Mead Johnson Nutrition CompanyChristopher Perille,
312-466-5814chris.perille@mjn.com
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