I guess we'll find out how much Reckitt gets for the Greater China business of Mead Johnson. I think you're hoping that the US$2b price tag isn't right as it provides an unfavorable yardstick to valuate similar businesses like A2M. I don't think you'd see an article like that if there wasn't some truth behind it.
I think Reckitt just wants out of the business at any price as it has underperformed relative to expectations and they see a lot of headwinds for it going forward and don't want to sink more money into it if it's not going to generate a return for shareholders. And this is probably the going rate that an acquirer is prepared to pay given the risk/reward proposition.
A2M has highlighted the same headwinds the Reckitt have mentioned - lower birth rate, increased competition, move in preference to local brands, etc. So it's something that all companies are facing.
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I guess we'll find out how much Reckitt gets for the Greater...
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$6.06 |
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Mkt cap ! $4.398B |
Open | High | Low | Value | Volume |
$6.18 | $6.21 | $6.03 | $5.366M | 875.4K |
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No. | Vol. | Price($) |
---|---|---|
19 | 8593 | $6.05 |
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Price($) | Vol. | No. |
---|---|---|
$6.06 | 7755 | 4 |
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No. | Vol. | Price($) |
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17 | 5710 | 6.050 |
15 | 18552 | 6.040 |
19 | 25360 | 6.030 |
12 | 25888 | 6.020 |
9 | 27689 | 6.010 |
Price($) | Vol. | No. |
---|---|---|
6.060 | 26638 | 21 |
6.070 | 24977 | 19 |
6.080 | 27267 | 14 |
6.090 | 22164 | 9 |
6.100 | 9311 | 11 |
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