HALISTER: Church & Dwight Up 4.2% Pre-Mkt on Report of Possible Bid

Church & Dwight Up 4.2% Pre-Mkt on Report of Possible Bid

(Bloomberg) -- Reckitt Benckiser said to plan to offer $23b next week to buy Church & Dwight, Negocios.com reports, citing people with knowledge of the plans it didn’t identify.
  • CHD up 4.2% pre-mkt to $101-share
  • Reckitt didn’t immediately respond to email seeking comment; yday, Reckitt said co. doesn’t comment on rumors; CHD did not respond to multiple requests for comment
  • NOTE: Yday: Church & Dwight Now Up 3.8% Pre-Mkt, Paring Earlier 31% Gain
  • NOTE: Yday, Henkel, Reckitt More Likely CHD Buyers Than PG: Jefferies; Church & Dwight pared pre-mkt gain of 31% following Negocios.com report
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CHD US (Church & Dwight Co Inc)
RB/ LN (Reckitt Benckiser Group PLC)

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