Form 8-K Mead Johnson Nutrition For: Oct 22

Go back to Form 8-K Mead Johnson Nutrition For: Oct 22

Mead Johnson (MJN) Enters $1B Accelerated Buyback

October 23, 2015 6:06 AM EDT

Mead Johnson (NYSE: MJN) disclosed the following on Friday morning:

After the close of market on October 22, 2015, Mead Johnson Nutrition Company (the Company) entered into a $1.0 billion accelerated share repurchase agreement (the ASR Agreement) with Goldman, Sachs & Co. (Goldman). The Company will acquire the shares under the ASR Agreement as part of its previously announced $1.5 billion share repurchase program.

Pursuant to the terms of the... More

Mead Johnson (MJN) Sees Strong Red-to-Green Reversal Despite Dismal Q3 Report

October 22, 2015 10:06 AM EDT

Traders note the red-to-green reversal in Mead Johnson (NYSE: MJN) which reported a dismal Q3 number and weak guidance. The weakness was apparently priced in and traders are keying on the new $1.5 billion stock buyback plan and short covering. Shares are up nearly 5% currently to $78.75.

... More