The owners of US infant food firm Mead Johnson Nutrition Co. have announced plans to list part of the business on the stock market.
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Pharmaceutical giant Bristol-Myers Squibb Co. said yesterday (15 September) that Mead Johnson had filed a registration statement with the US Securities and Exchange Commission for an IPO of its Class A common stock.
Bristol-Myers Squibb said it intends to keep a stake of at least 80% in the business, which sells a range of food for infants and children to over 50 countries worldwide.
In 2007, Mead Johnson generated annual sales of almost US$2.6bn.
Bristol-Myers Squibb said it expects the IPO to be finalised by the end of the first half of 2009.
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By GlobalData
