Reckitt Benckiser Group PLC

RKT: XLON (GBR)
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Reckitt Benckiser: Essential Home Deal an Important Milestone, Though Valuation Disappoints

Reckitt announced an agreement to divest its essential home business to Advent International for an enterprise value of USD 4.8 billion (approximately GBP 3.6 billion), while retaining a 30% equity stake in the new entity. Shares rose 2% in early trading on July 18 following the announcement.

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