Reckitt Benckiser Group PLC Offer Talks Terminated
March 22 2018 - 3:31AM
Dow Jones News
TIDMRB. TIDMIRSH
RNS Number : 5259I
Reckitt Benckiser Group PLC
22 March 2018
End of discussions for parts of Pfizer's Consumer Health
business
21 March, 2018 - Slough, UK - Reckitt Benckiser Group plc ("RB")
today announces that it has ended discussions with Pfizer Inc.
regarding its Consumer Healthcare business. RB's proposal was for
part of the business only.
Rakesh Kapoor, RB CEO, said:
"Our priority remains organic growth, including the completion
of the integration of Mead Johnson Nutrition and creating further
value from reorganising into two new business units - Health and
Hygiene Home.
We always approach inorganic growth opportunities in a rigorous,
disciplined, and financially responsible manner to ensure long term
value creation for shareholders. An acquisition for the whole
Pfizer consumer health business did not fit our acquisition
criteria and an acquisition of part of the business was not
possible."
-ENDS-
For further information, please contact:
Reckitt Benckiser +44 (0)1753 217800
Richard Joyce
SVP, Investor Relations
Patty O'Hayer
Director, External Relations and Government Affairs
Finsbury (Financial PR) +44 207 251 3801
Faeth Birch / Adam Atashzai
About RB
RB is the global leading consumer health and hygiene company.
Driven by a purpose of providing innovative solutions for healthier
lives and happier homes, RB has operations in over 60 countries.
From the foundations of wellness and infant nutrition, to the
fundamentals of a hygienic home, its global brands help people live
healthier, happier lives. RB has world leading Powerbrands which
include household names such as Enfamil, Nutramigen, Nurofen,
Strepsils, Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol,
Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon,
Woolite and Air Wick. RB's unique culture is at the heart of its
success. Its drive to achieve, passion to outperform and commitment
to quality and scientific excellence are manifested in the work of
over 40,000 employees worldwide. RB is proud to lead the Save a
Child a Minute campaign, which aims to eliminate child deaths from
diarrhoea, one of the world's largest killers of children under
five.
The announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of RB is Rupert Bondy, General Counsel and Company
Secretary.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 22, 2018 03:16 ET (07:16 GMT)
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