MARKET TALK: Reckitt Acquisition Likely To Enhance Earnings

21st Jul 2010 07:37

0637 GMT [Dow Jones] The acquisition of SSL International (SSL.LN) by Reckitt Benckiser (RB.LN) is likely to be highly earnings accretive for Reckitt, says an analyst. Thinks synergies could be in the region of 10%-15% of SSL sales. But questions why Reckitt has waited so long to make a move, as SSL shares have doubled in the past 12 months alone. Regardless, does not anticipate another buyer entering the field and expects Reckitt's shares to rise sharply, Wednesday. Reckitt closed on Tuesday at 3190p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 21, 2010 02:37 ET (06:37 GMT)