Edition:
India

Reckitt Benckiser Group PLC (RB.L)

RB.L on London Stock Exchange

6,718.00GBp
11 Dec 2017
Change (% chg)

2.00 (+0.03%)
Prev Close
6,716.00
Open
6,727.00
Day's High
6,738.00
Day's Low
6,687.00
Volume
796,535
Avg. Vol
1,559,815
52-wk High
8,110.43
52-wk Low
6,299.00

Latest Key Developments (Source: Significant Developments)

Reckitt Benckiser CEO comments
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Reckitt Benckiser Group Plc :Reckitt benckiser ceo says seeing subdued growth in developed and developing markets.Reckitt benckiser ceo says health unit to have sales of around 7.5 billion pounds, with hygiene/home sales around 5 billion.Reckitt benckiser ceo says too early to discuss 2018 forecast.Reckitt benckiser ceo says both business units to have marketing directors and has announced executive line-up.  Full Article

Reckitt Benckiser sell its food business to McCormick for $4.2 bln
Wednesday, 19 Jul 2017 

July 18 (Reuters) - Reckitt Benckiser Group Plc ::entered into an agreement to sell its food business to McCormick & Company for $4.2 billion on cash-free, debt-free basis.Intends to use the net proceeds form deal to reduce debt.  Full Article

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.  Full Article

Mead Johnson to pay Reckitt Benckiser $480 mln in case of termination of deal
Monday, 13 Feb 2017 

Mead Johnson Nutrition Co : Mead Johnson Nutrition Co - Company must pay Reckitt a termination fee equal to $480 million if deal is terminated under certain circumstances .Mead Johnson Nutrition - If deal's terminated by co or Reckitt Benckiser because co's stockholder approval wasn't obtained, co to pay fee subject to cap of $20 million.  Full Article

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.  Full Article

Bristol-Myers Says in May sold business comprising an alliance with Reckitt Benckiser
Thursday, 28 Jul 2016 

: Bristol Myers Squibb - In May 2016, co sold the business comprising an alliance with Reckitt Benckiser Group including several OTC products sold primarily in Mexico and Brazil .Bristol Myers Squibb - Reckitt exercised its option to acquire the business, including a manufacturing facility, for $317 million, resulting in a gain of $277 million.  Full Article

UK's CMA says Reckitt Benckiser licensed K-Y brand to Thornton & Ross
Monday, 20 Jun 2016 

Competition and Markets Authority : Reckitt Benckiser licensed K-Y brand to Thornton & Ross for 8 years and completed its merger with Johnson & Johnson Link to source: (http://bit.ly/28ITo7z) (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

Church & Dwight co comments on market speculation
Thursday, 19 May 2016 

Church & Dwight Co Inc : Church & Dwight comments on market speculation . Not engaged in discussions with, nor has it received any proposal or communication concerning a potential bid for company . Company is not engaged in discussions with, nor has it received any proposal or communication concerning a potential bid for company . Not aware of any information supporting market speculation .Says is not aware of any information supporting rumors.  Full Article

Reckitt Benckiser says to buyback 2.5 mln shares under 800 mln stg repurchase programme
Tuesday, 10 May 2016 

Reckitt Benckiser Group Plc : Has entered into an irrevocable, non-discretionary arrangement with morgan stanley to enable purchase of up to a maximum of 2,500,000 ordinary shares .Morgan stanley will make its trading decisions in relation to purchase of company's securities independently of, and uninfluenced by company.  Full Article

Reckitt Benckiser Group Plc recommends final dividend
Monday, 15 Feb 2016 

Reckitt Benckiser Group Plc:Recommends a final dividend of 88.7 p per share (12% versus 2014).Total dividend for 2015 139p (2014: 139p).Says the dividend, if approved by shareholders at the AGM on 5 May 2016, will be paid on 26 May to shareholders on the register at the record date of 15 April.  Full Article

LPC-Indivior launches US$485m-equiv loan refi

LONDON, Dec 5 Pharmaceuticals company Indivior has launched a US$485m-equivalent loan to refinance existing debt, banking sources said.