Colgate-Palmolive reportedly amenable to US$100 a share take-out
It may be a US$65bn company but household goods maker Colgate-Palmolive Company (NYSE:CL) could be up for sale.
The shares rose 3.4% to just over US$74, but chief executive officer Ian Cook would be US$100 a share, according to reports, which would value the company at a wallet-busting US$88bn.
The New York Post reported that Cook named his price at a recent meeting with institutional investors.
The newspaper reports that Anglo-Dutch rival Unilever plc (LON:ULVR) – itself a target of Kraft Heinz Co (NASDAQ:KHC) a few months back – could be interested in swallowing the New York-based conglomerate.
Other companies in the frame include Procter & Gamble and Johnson & Johnson.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/177935/colgate-palmolive-reportedly-amenable-to-us100-a-share-take-out-177935.html
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