By Dow Jones Business News,
April 28, 2014, 01:49:00 PM EDT
By Tapan Panchal and Peter Loftus
LONDON--Consumer-goods company Reckitt Benckiser Group PLC Monday confirmed that it was in talks with Merck & Co.
regarding an offer for Merck's consumer-health business.
"We understand that we are part of a competitive process," Reckitt Benckiser said in a short statement, adding that
the there was no certainty over the outcome or timing of this potential transaction.
A Merck spokesman said, "We have no comment on this specific matter, but we continue to evaluate strategic options
for all of our businesses, including our consumer-care business."
Reckitt Benckiser said it would make a further announcement in due course, if appropriate.
Shares of Reckitt Benckiser on Monday closed at 4,845 pence, valuing the company at GBP34.89 billion ($58.62
billion). Merck shares were down 1 cent to $57.23 in afternoon New York trading.
Write to Tapan Panchal at Tapan.Panchal@wsj.com and Peter Loftus at firstname.lastname@example.org
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