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Colgate-Palmolive reportedly amenable to US$100 a share take-out

Yours for a cool US$88bn, but you might have to fight off Unilever, Procter & Gamble and Johnson & Johnson
Toothbrushes
Anything less than US$100 a share could get the brush-off

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

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Colgate-Palmolive Company Timeline

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October 30 2015
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