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Drops out of bidding for Merck's consumer unit.
April 30, 2014
By: TOM BRANNA
Editor
Consumer-goods company Reckitt Benckiser Group PLC said today that it was now no longer in active discussions regarding an offer for Merck & Co.'s consumer health business. Shares of Reckitt Benckiser on Wednesday closed at 4775 pence, valuing the company at 34.39 billion pounds ($57.85 billion). Bayer AG has also been pursuing the business, according to a person familiar with the matter....
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