Reckitt Benckiser completed the acquisition of Mead Johnson Nutrition for $18bn.

Reckitt Benckiser Group, a consumer health and hygiene company, completed the acquisition of Mead Johnson Nutrition, a pediatric nutrition manufacturer for $18bn. "We are pleased that the completion of this transaction returns significant and immediate value to our shareholders. The merger with RB is a recognition of the strong growth and geographic expansion the Mead Johnson business achieved since the company’s split-off from Bristol-Meyers Squibb in 2009. We wish our thousands of employees, whose work and dedication enabled this success, all the best in the next chapter of the Mead Johnson story. We expect the business and brands to continue to flourish as part of RB, with its larger scale and proven marketing and innovation prowess,” James Cornelius, MJN Chairman of the Board.