July 18 (Reuters) - Mccormick & Company Inc :McCormick to acquire Reckitt Benckiser's food division.Agreed to acquire Reckitt Benckiser's food division from Reckitt Benckiser Group Plc for $4.2 billion.McCormick & Company Inc - combined pro forma 2017 annual net sales are expected to be approximately $5 billion with significant margin accretion.McCormick & Company Inc - will integrate RB Foods into its consumer and industrial segments and will retain brand names of French's, Frank's Redhot and Cattlemen's(®).McCormick expects to achieve cost synergies of approximately $50 million.McCormick - McCormick has obtained committed bridge financing; expects to permanently finance transaction through combination of debt and equity.
Reckitt Benckiser Group Plc : Reckitt benckiser ceo says sees 3 percent like for like revenue growth in 2017 . Reckitt benckiser ceo says issues around korea and scholl will persist in first half of 2017 . Reckitt benckiser ceo says had looked at mead johnson as possible acquisition for some years . Reckitt benckiser ceo says no discussion around job losses at moment from mead johnson acquisition .Reckitt benckiser ceo says no plans to sell any enfamil brands.
Transaction Co Ltd <7818.T>: Says its Tokyo-based unit TRADE WORKS CO.,LTD to merge a Kyoto-based unit GOWELL CORP . Says GOWELL CORP to be dissolved after merger .Says the merger planned effective on Sep. 1.