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MJ, RB Shareholders Approve Deal: Health & Wellness News Roundup

Mead Johnson and Reckitt Benckiser shareholders approve acquisition; Pacific Herb pain product has AMA billing code; NeuEnergy available in Esso stores; eGamerz energy supplement launches online; more news in brief.

Mead Johnson Nutrition Co. shareholders on May 31 approved the company's acquisition by Reckitt Benckiser Group PLC, with approval by 97.12% of the approximately 70.30% of shares voted. The vote was held during a special meeting of stockholders in Chicago and RB shareholders approved the transaction during a same-day meeting in London. Under terms of the agreement firms, RC will pay $90 cash for each MJ share and MJ will become a division of RB, with its Enfamil and other formula and nutritional brands joining RB's consumer healthcare brand lineup. The firms announced the $17.9bn deal in February, noting it would provide RB a platform to expand sales of its existing health, personal and home care products in China. (Also see "Reckitt Expands 'OTC' Business, China Presence With Mead Johnson" - Pink Sheet, 13 February, 2017.)

Richard Goudis on June 1 moved to CEO of Herbalife Ltd., succeeding Michael Johnson, who is moving to the...

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