Reckitt is indeed after Merck's consumer unit, and it's ready for a close race

The rumors are true: Reckitt Benckiser has confirmed that it's in the running for Merck's ($MRK) consumer unit. As Reuters reported this weekend, Reckitt and Germany's Bayer have emerged as front-runners for the unit, which could go for $13.5 billion--or higher, if a bidding war ensues. "RB confirms that it is in discussions with Merck regarding an offer for its consumer health business," the company told the news service. "We understand that we are part of a competitive process." News | More