Reckitt Begins Talks for $7.9 Billion Disposal of Homecare Assets, Bloomberg Reports
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Dow Jones
-- Consumer-goods company Reckitt Benckiser is in early discussions with potential suitors for the sale of its homecare assets, in a deal that could be worth more than 6 billion pounds ($7.9 billion), Bloomberg reports citing people familiar with the matter.
-- The company is working with Morgan Stanley to evaluate the potential sale of brands including Airwick air fresheners and Cillit Bang cleaners, and a formal sale process could start within months and be completed in 2025, according to Bloomberg.
-- Reckitt wasn't immediately available for comments.
Full story: https://tinyurl.com/msbynsv4
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
September 18, 2024 05:02 ET (09:02 GMT)
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