Linklaters lines up with US firms on Reckitt Benckiser's $17.9bn baby formula company acquisition

Trio land mandates as UK-based maker of Durex and Dettol agrees to buy Mead Johnson

Gerber-Baby-Formula

Davis Polk & Wardwell, Linklaters and Kirkland & Ellis have secured mandates as Reckitt Benckiser agrees to buy US baby milk formula company Mead Johnson for $17.9bn (£14.4bn).

Reckitt Benckiser is set to acquire Mead Johnson for $90 per share in cash, valuing the company’s equity at $16.6bn. Including Mead Johnson’s net debt, the total value of the transaction is $17.9bn.

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