Reckitt Benckiser swallows baby formula maker Mead Johnson for $16.6bn

Consumer goods conglomerate Reckitt Benckiser is set for a growth spurt after acquiring baby formula supplier Mead Johnson in a $16.6bn deal ($17.9bn when debt is included).
Best known as the parent behind established brands such as Durex and Dettol Reckitt, Benckiser gave the mammoth purchase the green light in order to give itself a foothold in the burgeoning Chinese market and consumer health sector.
Interest in China has been piqued by the scrapping of its one-child policy, a move which cons