Home Private Equity Lawmakers Warn DOJ Of Brewing Baby Formula-PE Deal

Lawmakers Warn DOJ Of Brewing Baby Formula-PE Deal

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By Bryan Koenig (June 23, 2022, 6:07 PM EDT) — A quartet of liberal lawmakers are pressing the U.S. Department of Justice to be ready to challenge a potential sale of Reckitt Benckiser Group PLC’s Enfamil infant formula business and indicated that they are particularly incensed the prospective buyer is a private equity firm.

While not yet publicly announced, Democratic Sens. Elizabeth Warren of Massachusetts and Cory A. Booker of New Jersey and Independent Sen. Bernie Sanders of Vermont, as well as Rep. Katie Porter of California, said in a letter announced Wednesday they are wary of reports that private equity firm Clayton Dubilier & Rice has submitted a bid on…

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