Mead Johnson Cuts Prices As China Continues Antitrust Probe

Law360, New York (July 10, 2013, 6:16 PM ET) -- Mead Johnson Nutrition Co. said Wednesday it would cut prices in China on the company's main products, a move that comes after regulators in the country launched an antitrust investigation of prices for infant formula.

The Illinois-based Mead Johnson — which, among other nutritional products, sells powdered baby formula under the brand name Enfamil — said in a statement that, "for the sake of the healthy development of the industry," its unit in China would lower prices on infant formula by 7 to 15 percent starting...
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