By Dana Mattioli and Dana Cimilluca

Reckitt Benckiser Group PLC is in talks to buy baby-food maker Mead Johnson Nutrition Co., according to people familiar with the matter, a move that would further a push by the U.K. consumer giant into the healthy-products arena.

Terms of the potential deal are unclear, but with a market value of $12.9 billion Wednesday and a stock that is down more than 30% from its 2015 high, Mead Johnson could fetch more than $15 billion with a takeover premium. Reckitt has a market value of GBP48 billion ($60 billion). As with all such negotiations, the talks could fall apart before a deal is reached.

Write to Dana Mattioli at dana.mattioli@wsj.com and Dana Cimilluca at dana.cimilluca@wsj.com

(END) Dow Jones Newswires

February 01, 2017 18:19 ET (23:19 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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