Bidders step up for Reckitt Benckiser brands

|By:, SA News Editor

Reckitt Benckiser (OTCPK:RBGPF, OTCPK:RBGLY) is looking to sell foods assets, including the French's mustard business and Frank's hot sauce brand, according to The Telegraph.

The company is looking to raise cash to help pay for its acquisition of Mead Johnson Nutrition (NYSE:MJN).

McCormick (NYSE:MKC), Unilever (UN, UL) and Ajinomoto Co. (OTC:AJINF, OTCPK:AJINY) are said to be in the mix for the Reckitt brands.