UNCOOKED ALERT: Danone SA said to ...
Danone SA, the France-listed food group, is rumoured to once again be circling Reckitt Benckiser's Mead Johnson nutrituion unit.
People following the situation have heard talk Danone is working advisers from Centreview Partners on the possible purchase of the Mead Johnson nutrition business from Reckitt Benckiser.
The possible deal comes after Reckitt Benckiser said last year it planned to exit its Mead Johnson nutrition unit, which includes brands such as Enfamil and Nutramigen.
Reckitt Benckiser acquired Mead Johnson in 2017 for $17.9 billion including debt.
However, the acquisition turned sour after the company was forced to take an impairment on Mead Johnson's Chinese division (which it later sold to Primavera Capital for an enterprise value of $2.2 billion) and the emergence of severe litigation and liabilities in the US regarding its baby formula business.
It's not clear, therefore, how much is Danone is looking to pay for Reckitt Benckiser's Mead Johnson unit, said people following the situation.
Danone has reportedly looked at buying Mead Johnson in the past but never followed through with the acquisition.
To be clear, this story is UNCOOKED. I have pasted the definitions of UNCOOKED below in case you don't recall their definitions.
UNCOOKED: Market gossip as Betaville receives it. This scuttlebutt has just come in and hasn't been checked with all of Betaville's well-informed RARE sources let alone formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop, rubbish or nonsense - but then again there may be something in it, so it's worth airing on Betaville.
Tags:
Danone
Date:Friday, 27 March 2026 3:49 pm