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.
Drops out of bidding for Merck's consumer unit.
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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