Mead Johnson (MJN +0.9%) CEO Stephen Golsby dismisses rumors the company will be taken over by...

|About: Mead Johnson Nutrition Company (MJN)|By:, SA News Editor

Mead Johnson (MJN +0.9%) CEO Stephen Golsby dismisses rumors the company will be taken over by Nestle (NSRGY.PK), China Daily reports. Although M&A rumors are constantly active, "none of them are true," Golsby says, adding that MJNĀ is focusing on its infant and child nutrition business, which he says is growing strongly worldwide.