Sources: Reckitt May Be Close To Merger With Colgate-Palmolive-Report
November 18 2009 - 3:58PM
Dow Jones News
Reckitt Benckiser Group PLC (RB.LN) is close to announcing an
international deal, and "well-placed sources" say the most obvious
candidate is Colgate-Palmolive Co. (CL), The Telegraph in London
reported Wednesday. The paper says other companies mentioned as a
target by Reckitt include SSL International (SSL.LN,) a
consumer-goods company like Reckitt and Colgate-Palmolive. "The
theory is that any deal between Reckitt and Colgate-Palmolive would
have to be structured as a merger as they are roughly the same
size," The Telegraph said.
Full story at
http://www.telegraph.co.uk/finance/markets/marketreport/6600366/Reckitt-merger-with-Colgate-said-to-be-close.html
-Dow Jones Newswires; 212-416-2900
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