March 10, 2014 / 8:56 AM / in 4 years

BRIEF-Reckitt Benckiser to buy K-Y brand from Johnson & Johnson's unit

March 10 (Reuters) - Reckitt Benckiser Group PLC : * RECKITT BENCKISER-SIGNED AGREEMENT TO BUY GLOBAL RIGHTS TO K-Y

BRAND FROM MCNEIL-PPC, SUBSIDIARY OF JOHNSON & JOHNSON (ADDS DROPPED WORDS “GLOBAL RIGHTS TO K-Y BRAND”) * reckitt benckiser group plc - no employees or fixed assets are included in the purchase; deal expected to close in mid 2014 * Source text

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