On February 10, Mead Johnson, an American infant formula manufacturer, announced that the board of directors unanimously reached an agreement with Durex's parent company and British consumer giant Li Jie Group, and Li Jie would acquire Mead Johnson at a total price of about/Kloc-0.79 billion US dollars and a price of 90 US dollars per share. The two sides will work together to build a leading consumer health care company in the world. At present, the transaction still needs to be approved by Mead Johnson, Li Jie shareholders and relevant institutions. It is expected that related party transactions will be completed in the third quarter of 20 17.

Kasper Jakobsen, CEO of Mead Johnson, said that the merger will help both parties to expand their scale and diversify their businesses. They are glad that their shareholders can see the significance and value of the merger. At the same time, I believe that the merger will also give employees a bigger platform to discover new opportunities.

Rakesh Kapoor, CEO of Li Jie, said that Mead Johnson's global distribution can significantly enhance Li Jie's distribution in developing markets, and after the merger, China will become their second largest "supermarket". "We have a deep insight into consumers and believe that our expertise in operating global brands will help Mead Johnson to improve its product structure more significantly. At the same time, we will continue to invest in Mead Johnson's strong scientific research, regulations, quality and special channel capabilities. "

You, Senior Vice President of Mead Johnson and President of Greater China, said that China's dairy market has great potential, and he believed that the merger and acquisition would play a synergistic role for both parties in many aspects. Through resource integration and regional complementarity, key markets, including China, would grow faster and better serve thousands of families and infants in Qian Qian around the world. At the same time, it is believed that the addition of Mead Johnson will effectively supplement and improve the layout of Li Jie Group in China and even the Asia-Pacific market.