Range works for £1.2bn Reckitt block

09 May 2012

Nine years ago when Joh. A. Benckiser last sold a stake in UK consumer products firm Reckitt Benckiser, bankers not on the trade were left kicking themselves.

Some will have been feeling the same way again this week when Bank of America Merrill Lynch scooped the sole bookrunner mandate for a £1.206bn ($1.945bn) placing — and even more so since Wednesday’s deal had a much happier outcome than its predecessor.

The largest accelerated bookbuild in Europe ...

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