Reckitt first made the $42-per-share offer earlier this month only weeks after Bayer offered $34 dollars per share for the Salt Lake City-based company. The German drugmaker later said it did not want to engage in a bidding war for the company.
By The Associated Press(equals)
The Dow Jones industrial average climbed 48.38 points to 12,836.89. The Standard & Poor's 500 index gained 3.22 points to 1,391.03. The Nasdaq composite index rose 9.87 points to 2,926.55.Benchmark oil rose 63 cents to finish at $87.38 a barrel. Brent crude, used to price international varieties of oil, rose $1.03 to end at $110.86 a barrel in London. Heating oil gained 3 cents to finish at $3.07 a gallon. Wholesale gasoline rose 4 cents to end at $2.75 a gallon. Natural gas gained 7 cents to finish at $3.90 per 1,000 cubic feet.