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MJN

Acquired by RBGLY 6/17

, RBGLY

Reckitt Benckiser

$20.40

-0.25 (-1.21%)

09:33
06/12/17
06/12
09:33
06/12/17
09:33

Final approval received for acquisition of Mead Johnson by Reckitt Benckiser

Mead Johnson Nutrition (MJN) announced that the final regulatory approval has been received in order to complete its acquisition by Reckitt Benckiser (RBGLY). The transaction is expected to close on Thursday, June 15, subject to the satisfaction of customary closing conditions at such time.

MJN

Acquired by RBGLY 6/17

RBGLY

Reckitt Benckiser

$20.40

-0.25 (-1.21%)

MJN Acquired by RBGLY 6/17

04/27/17
04/27/17
NO CHANGE

Mead Johnson reports Q1 EPS ex-items 80c, consensus 80c
Reports Q1 revenue $883.5M, consensus $911.52M.
04/03/17
WELS
04/03/17
DOWNGRADE
WELS
Market Perform
Mead Johnson downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst John Baumgartner downgraded Mead Johnson to Market Perform saying he expects the takeover by Reckitt Benckiser to close for $90 per share as announced after the FTC granted antitrust clearance. He does not expect a higher bid and upped his price target for Mead shares to $89-$90 from $81-$82.
03/06/17
FBCO
03/06/17
DOWNGRADE
Target $90
FBCO
Neutral
Mead Johnson downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Robert Moskow downgraded Mead Johnson to Neutral from Outperform following the company's agreement to sell the business to Reckitt Benckiser. The analyst places a high probability on the deal closing in Q3, consistent with management's guidance. He also raised his price target on Mead Johnson's shares to $90 from $82.
03/06/17
SBSH
03/06/17
DOWNGRADE
Target $90
SBSH
Neutral
Mead Johnson downgraded to Neutral from Buy at Citi
Citi analyst David Driscoll downgraded Mead Johnson to Neutral citing the announced takeover offer from Reckitt Benckiser. The analyst raised his price target for the shares to $90 from $83 and sees limited upside potential.
RBGLY Reckitt Benckiser
$20.40

-0.25 (-1.21%)

02/06/17
RBCM
02/06/17
DOWNGRADE
RBCM
Underperform
Reckitt Benckiser downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital analyst James Edwardes Jones downgraded Reckitt Benckiser to Underperform with a price target of GBP 6,300.
02/02/17
WBLR
02/02/17
NO CHANGE
WBLR
Wyeth Nutrition deal implies $100/share price for Mead, says William Blair
William Blair analyst Jon Andersen says Nestle's (NSRGY) acquisition of Wyeth Nutrition a few years ago, done at 20 times EBITDA, implies a Mead Johnson (MJN) takeover price closer to $100 per share. Reckitt Benckiser (RBGLY) appears to have the financial capacity to get a deal done, Andersen tells investors in a research note after both the company and Mead confirmed the deal talks. The analyst has an Outperform rating on Mead.
02/02/17
SBSH
02/02/17
NO CHANGE
Target $83
SBSH
Buy
Citi calls $90/share price not 'all that great' for Mead Johnson
A deal price for Mead Johnson (MJN) of $90 per share "doesn't seem all that great" given that the shares were at $92 back in July of 2016 and hit $105 in February 2015, Citi analyst David Driscoll tells investors in a research note after Reckitt Benckiser (RBGLY) confirmed overnight that it is in "advanced negotiations" to buy the baby formula maker for $90 per share. The analyst believes Mead shares could be valued at $112 in a takeover. "It is quite easy to wonder if Reckitt isn't coming along at a most opportune time when Mead's EBITDA is depressed, but on a road to recovery," Driscoll writes. The analyst thinks interest from other bidders is likely with press reports as recently as two weeks ago suggesting Nestle (NSRGY) had interest in Mead while other reports suggested interest from Danone (DANOY). Driscoll even ponders if Kraft Heinz (KHC) may "come out of the shadows." In pre-market trading, Mead shares are up 24%, or $16.50, to $86
01/25/17
BREN
01/25/17
UPGRADE
BREN
Buy
Reckitt Benckiser upgraded to Buy from Hold at Berenberg
Price target 7,900p.

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