Market Overview

Mead Johnson Nutrition Updates China Statement

Mead Johnson Nutrition Company (NYSE: MJN) announced today that Mead
Johnson China continues to fully cooperate with the recent antitrust
review of resale prices which was initiated by the Bureau of Price
Supervision and Anti-Monopoly of China's National Development and Reform
Commission (NDRC). Mead Johnson has also launched a self-review to
ensure compliance with the antitrust laws of China.

For the sake of the healthy development of the industry, and to
reinforce the trust and support of Chinese consumers, the company will
optimize its marketing and sales strategy and adjust current pricing and
promotional plans. As a result of this adjustment, Mead Johnson China
will reduce the ex-factory price of its main products by 7%-15% as of

See full press release

Posted-In: News Guidance Contracts Asset Sales Management Global

 

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