--Lysol maker Reckitt Benckiser has short-listed a number of bidders for a portfolio of brands it has up for sale that could be worth up to 5 billion pounds ($6.31 billion), Bloomberg reports, citing unnamed sources.
--Reckitt--which counts Dettol cleaning products and Durex condoms among its brands--has invited Lone Star Funds, Advent International and Apollo Global Management to the next round of bidding, Bloomberg reports.
--In July, the company said it would offload some of its home-care brands, including Air Wick air fresheners and Cillit Bang cleaners, and look at options for its Mead Johnson Nutrition business, home to the Enfamil and Nutramigen brands.
--Representatives for Advent, Apollo and Lone Star declined to comment to Bloomberg. A spokesperson for Reckitt said to Bloomberg that discussions are progressing well and declined to comment on specific bidder names.
Full story: https://tinyurl.com/4xa99c8c
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 25, 2025 10:37 ET (15:37 GMT)
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