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Reckitt Benckiser Bails on Coppertone

April 30, 2014

Drops out of bidding for Merck's consumer unit.

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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