Reckitt Benckiser Group PLC confirmed it is in talks to buy baby-food maker Mead Johnson Nutrition Co., a move that would further a push by the U.K. consumer giant into the healthy-products arena. Reckitt announced late Wednesday that it’s in advanced negotiations to buy Mead Johnson for $90 a share, a nearly 30% premium to the price of the stock before The Wall Street Journal reported on the talks earlier in the day. That equates...

Source: Wall Street Journal February 01, 2017 23:03 UTC