Reckitt Benckiser has reportedly agreed a 2.54bn pound, offer for consumer products firm SSL International.
According to reports, Reckitt will offer 1,163 pence per share in cash and SSL shareholders will remain entitled to receive the firm's 8 pence per share proposed final dividend.
The acquisition of SSL provides Reckitt Benckiser an attractive opportunity to increase its presence in the health and personal care sector. Excluding restructuring charges, the deal is expected to be immediately earnings enhancing for Reckitt Benckiser, adds report