Reported about 7 hours ago
Reckitt has completed the sale of a majority stake in its Essential Home division to Advent International for $4.8 billion, while retaining a 30% interest in the business. The deal, aimed at boosting shareholder confidence amid weak consumer sentiment, includes performance-based payments and is expected to close by the year’s end. Reckitt intends to return surplus capital to shareholders following the sale.
Source: YAHOO