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McCormick to acquire Reckitt Benckiser's food division for $4.2 bln

Wednesday, 19 Jul 2017

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 CEO comments on Mead Johnson deal

Friday, 10 Feb 2017

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 says merger between units

Thursday, 26 May 2016

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.


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