Brunswick and Maitland to cash in on £2.5bn Reckitt Benckiser takeover of SSL

Brunswick and Maitland are on either side of the £2.5bn deal that will see Reckitt Benckiser buy SSL International, the maker of Durex condoms and Scholl foot care products.

SSL brand: Durex
SSL brand: Durex
Brunswick is retained by Reckitt Benckiser, with director David Litterick heading the account.

SSL International retains Maitland, where William Clutterbuck and Brian Hudspith lead its involvement.

The two companies have agreed a deal that values SSL at £2.54bn. Reckitt Benckiser will pay 1163p per share and will also pay a final dividend due for SSL investors.

Anglo-Dutch group Reckitt, which produces Nurofen and Gaviscon, said the acquisition will increase its health and personal care net revenues by over 36 per cent.

Brunswick topped the European M&A league tables by value during the first half of 2010 according to mergermarket figures published this month.

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