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Jul 21 2010 3:14pm EDT
Reckitt Buys Condom Maker: "A Good Fit"
British household and personal-care conglomerate Reckitt Benckiser offered Wednesday to pay $3.9 billion for Durex condom maker SSL International.
“It’s a very good fit,” said Julian Hardwick, an analyst at RBS.
SSL chairman Gerald Corbett was temped by the offer. “It’s worthy of consideration by our shareholders,” he said. “Reckitt has a bigger distribution than us and I suspect will get more revenue synergies.”
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