Mead Johnson said to be working with Lazard following takeover interest from European food giants

The Mead Johnson bid tale is back.

Readers who follow Mead Johnson Nutrition, the US-listed baby formula manufacturer, might have grown somewhat weary - and possibly sceptical - about this particular takeover bid story. That's because the tale goes around the market every couple of years but is either denied or just fades away with little activity to back it up.