M&A Deals that Add Value are Rare — Expensive Deals that do so Rarer Still The Schroders Value Team will also be
speaking at the LVIC 2017 and Nick Kirrage recently wrote this article which outlines why they are sceptical
about the Reckitt Benckiser acquisition of the US baby milk manufacturer Mead: «Ultimately, of course, you can only judge M&A success in hindsight but, as we did with
BAT and Reynolds, we are nevertheless prepared to stick our neck out and say Reckitt buying Mead looks a pretty poor idea from a valuation perspective... all could turn out fine.