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Speculation drives stock higher.
January 5, 2011
By: TOM BRANNA
Editor
Beiersdorf AG’s stock price rose the most in nearly a month in Frankfurt as some investors bet that Procter & Gamble Co. may want to buy a stake in the German maker of Nivea skin creams. Beiersdorf gained as much as 2.9%, the biggest intraday increase since Dec. 7. “Some investors are speculating that P&G may want to buy a stake in Beiersdorf, though I think it is very unlikely that the majority owners want to sell,” said Klaus Kraenzle, a consumer-industry analyst at Silvi...
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