-- Reckitt Benckiser's proposed sale its homecare brands portfolio isn't receiving the binding offers and pitch valuations that were hoped for due to uncertainty stemming from U.S. tariffs, Bloomberg reports, citing unnamed sources.
--The consumer-goods company's homecare brands portfolio had an initial price tag of 6 billion pounds ($7.78 billion), but a bid deadline this week saw investors shy away from offers and valuations in a much lower range of between 3 billion and 4 billion pounds, Bloomberg reported.
-- Lone Star Funds and Advent International, are among the potential buyers.
Full story: https://tinyurl.com/pddpjc5y
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
April 11, 2025 03:56 ET (07:56 GMT)
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