Reckitt Benckiser Agrees GBP2.54B Offer For Durex Maker SSL

21st Jul 2010 07:11

LONDON (Dow Jones)--Household products maker Reckitt Benckiser Group PLC (RB.LN) Wednesday said it agreed a 1,163 pence offer for SSL International PLC (SSL.LN), valuing the Durex maker at GBP2.54 billion. Reckitt said the acquisition of SSL would add Durex and School footcare products to its stable of "Powerbrands" and will immediately boost earnings. The recommended offer represents a premium of 32.8% to SSL's closing price Tuesday. -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; [email protected] (END) Dow Jones Newswires July 21, 2010 02:11 ET (06:11 GMT)