Pharma BD Deal Intelligence

Reckitt Benckiser plc / Adams Respiratory Therapeutics Inc.

2007 · Acquisition/Merger · $2.3B · Complete

CALLED IT — OFF BY 6

A rare consumer-health M&A success: Mucinex is still Reckitt's #1 US OTC brand and a global powerbrand 17+ years later, with continued product launches and new US manufacturing investment as recently as 2024.

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The coverage arc

Dec 10, 2007 BioSpace Bullish

Reckitt offered $60/share cash (~$2.3B) for Adams; CEO Bart Becht called Mucinex 'a market and innovation leader in cough and congestion relief in the USA' and…

Dec 10, 2007 TheStreet Neutral

Adams stock climbed sharply on the buyout news; analysts viewed the $60/share price as a clean exit reflecting Mucinex's brand strength but noted Reckitt is…

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$60/share, ~$2.3B. Mucinex OTC respiratory franchise. Source: BioSpace, Drug Store News.

Did it work? Outcome assessment

A rare consumer-health M&A success: Mucinex is still Reckitt's #1 US OTC brand and a global powerbrand 17+ years later, with continued product launches and new US manufacturing investment as recently as 2024.

Strategic verdict
Achieved Stated Rationale

Key facts

Related deals — scored

DealYearValueOutcome
Reckitt Benckiser plc / Adams Respiratory Therapeutics Inc. (this deal)2007$2.3B82
Reckitt Benckiser plc / Boots Healthcare International2006$3.4B82
Reckitt Benckiser plc / Boots Healthcare International2005$3.4B78
Reckitt Benckiser plc / Schiff Nutrition International, Inc.2012$1.4B67
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
Shire plc / New River Pharmaceuticals Inc.2007$2.6B88
Roche Holding AG / Ventana Medical Systems Inc.2007$3.4B88

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