Novartis AG / Mead Johnson Adult Medical Nutrition (BMS divestiture)
2003 · Asset Purchase · $385M · Complete
Announcement Sentiment
75
Strongly positive
Novartis acquired Bristol-Myers Squibb's Mead Johnson adult medical nutrition business (Boost, Isocal, Ultracal brands) for $385M cash, roughly 1.75x the unit's 2002 sales of $220M; the transaction closed in March 2004. Remove the trailing 'Sources:' citation list from the summary body.