Reckitt Benckiser Group PLC Offer Talks Terminated

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RNS Number : 5259I

Reckitt Benckiser Group PLC

22 March 2018

End of discussions for parts of Pfizer's Consumer Health business

21 March, 2018 - Slough, UK - Reckitt Benckiser Group plc ("RB") today announces that it has ended discussions with Pfizer Inc. regarding its Consumer Healthcare business. RB's proposal was for part of the business only.

Rakesh Kapoor, RB CEO, said:

"Our priority remains organic growth, including the completion of the integration of Mead Johnson Nutrition and creating further value from reorganising into two new business units - Health and Hygiene Home.

We always approach inorganic growth opportunities in a rigorous, disciplined, and financially responsible manner to ensure long term value creation for shareholders. An acquisition for the whole Pfizer consumer health business did not fit our acquisition criteria and an acquisition of part of the business was not possible."

-ENDS-

For further information, please contact:

Reckitt Benckiser [phone]

Richard Joyce

SVP, Investor Relations

Patty O'Hayer

Director, External Relations and Government Affairs

Finsbury (Financial PR) [phone]

Faeth Birch / Adam Atashzai

About RB

RB is the global leading consumer health and hygiene company. Driven by a purpose of providing innovative solutions for healthier lives and happier homes, RB has operations in over 60 countries. From the foundations of wellness and infant nutrition, to the fundamentals of a hygienic home, its global brands help people live healthier, happier lives. RB has world leading Powerbrands which include household names such as Enfamil, Nutramigen, Nurofen, Strepsils, Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Woolite and Air Wick. RB's unique culture is at the heart of its success. Its drive to achieve, passion to outperform and commitment to quality and scientific excellence are manifested in the work of over 40,000 employees worldwide. RB is proud to lead the Save a Child a Minute campaign, which aims to eliminate child deaths from diarrhoea, one of the world's largest killers of children under five.

The announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of RB is Rupert Bondy, General Counsel and Company Secretary.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 22, 2018 03:16 ET (07:16 GMT)

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