Mead Johnson Nutrition (MJN) Is Surging On Merger Talks With Reckitt Benckiser

02-Feb-2017 - USA

Mead Johnson nutrition (MJN) confirmed Wednesday that it is in discussions with Reckitt Benckiser after the UK company offered to acquire Mead Johnson for $90 per share in cash.

Mead Johnson Nutrition has gapped open sharply higher Thursday morning and is now up 17.36 at $86.86 on above average volume. The stock has surged to a 5 1/2 month high. (dpa)

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