BUZZ-UK's Reckitt rises on plan to sell Essential Home business to Advent

-0.52%

-0.90%

-0.76%

-0.53%

Rocket Companies RKT	18.11	-0.52%
Dow Jones Industrial Average DJI	47979.12	-0.90%
S&P 500 index SPX	6764.44	-0.76%
NASDAQ IXIC	22934.80	-0.53%

** Shares of British consumer goods firm Reckitt RKT.L up 1.7% at 5068p

** Stock among top gainers in FTSE 100 .FTSE index, which is up 0.47%

** Reckitt says it has agreed to sell its Essential Home business to private equity firm Advent International

** Says deal valued at $4.8 bln including debt

** Adds that Reckitt would retain a 30% equity stake in unit

** RKT's Essential Home portfolio includes well-known brands such as Air Wick, Calgon and Woolite

** As of last close, stock up ~3.08% YTD

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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