Deals
Mead Johnson Shares Rise After Blog Speculation on Deal Interest
- Company declines to comment on market speculation or rumor
- Mead Johnson's stock had lost 24% in a year through Monday
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Shares of infant formula maker Mead Johnson Nutrition Co. rose as much as 11 percent Tuesday after a blog post on the Betaville website suggested that rivals Nestle SA and Danone might be interested in taking it over.
Mead Johnson has started working with bankers from Lazard Ltd. after receiving expressions of interest from Nestle and Danone, according to the short blog post on Monday, which cited unidentified sources.