Reckitt Benckiser Group (RKT)

Sector:

Household Goods

Index:

FTSE 100

6,558.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 6,808.00
  • 52 Week Low: 5,391.00
  • Currency: UK Pounds
  • Shares Issued: 715.59m
  • Volume: 489,341
  • Market Cap: £46,929m

Reckitt struggling with sale of infant nutrition unit - report

By Michele Maatouk

Date: Friday 27 May 2022

LONDON (ShareCast) - (Sharecast News) - Reckitt Benckiser is reportedly struggling with the sale of its infant nutrition unit, with only a small number of private equity funds following through with bids.
Bloomberg cited people familiar with the matter as saying that Clayton Dubilier & Rice is one of the few buyout firms that submitted a non-binding bid for the asset.

Potential suitors were understood to have been spooked by the ongoing infant formula crisis in the US, which is the unit's largest market. Blackstone, Carlyle, KKR and Bain Capital were reportedly among those studying the business, which sells brands including Enfamil,.

Bloomberg said some private equity firms are waiting to see how the situation in the US develops before deciding whether to proceed with offers for Reckitt's infant nutrition business. They could still submit offers for the unit once there's more clarity.

Sources said the timeline of the potential sale was fluid, and other strategic and private equity bidders could still emerge.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Reckitt Benckiser Market Data

Currency UK Pounds
Share Price 6,558.00p
Change Today 8.00p
% Change 0.12 %
52 Week High 6,808.00
52 Week Low 5,391.00
Volume 489,341
Shares Issued 715.59m
Market Cap £46,929m

Reckitt Benckiser Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.38% below the market average73.38% below the market average73.38% below the market average73.38% below the market average73.38% below the market average
76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average
Price Trend
53.69% above the market average53.69% above the market average53.69% above the market average53.69% above the market average53.69% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Income
75.43% below the market average75.43% below the market average75.43% below the market average75.43% below the market average75.43% below the market average
90.48% below the sector average90.48% below the sector average90.48% below the sector average90.48% below the sector average90.48% below the sector average
Growth
25.38% below the market average25.38% below the market average25.38% below the market average25.38% below the market average25.38% below the market average
35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average

What The Brokers Say

Strong Buy 11
Buy 2
Neutral 4
Sell 0
Strong Sell 2
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Reckitt Benckiser Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Aug-22 28-Apr-22
Paid 14-Sep-22 09-Jun-22
Amount 73.00p 101.60p

Trades for 16-Aug-2022

Time Volume / Share Price
16:45 274 @ 6,552.00p
16:45 274 @ 6,552.00p
16:36 546 @ 6,558.00p
16:36 630 @ 6,558.00p
16:35 263,677 @ 6,558.00p

Reckitt Benckiser Key Personnel

Chair Christopher Sinclair
CEO Laxman Narasimhan
CFO Jeff Carr

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