LONDON—Reckitt Benckiser Group PLC on Friday said it agreed to buy baby-food maker Mead Johnson Nutrition Co. for $16.6 billion, a deal that will almost double the size of the British company’s consumer-health business and help it push deeper into emerging markets. The U.K. company, which owns Durex condoms and Scholl footcare, earlier this month disclosed that it was in talks with Mead after The Wall Street Journal reported on the potential deal. It will pay $90 a share in cash for the Glenview, Ill.-based company, which...

Source: Wall Street Journal February 10, 2017 07:09 UTC