was last seen nuzzling up to
, whispering sweet nothings in its ear. That's what
The Wall Street Journal
reported, anyway. The
said that SmithKline, maker of Aquafresh, is interested in acquiring Block, maker of Sensodyne toothpaste, for $1.2 billion.
That said, don't look for the pillow talk to pay off, at least not yet.
Block Drug, which retained the services of
in June to explore strategic options, looks attractive to a wide range of suitors, both inside and outside the toothcare industry.
Church & Dwight
(the Arm & Hammer people),
(makers of Lipton Tea and Surf laundry detergent) and
(think cheesecake!) are all rumored to have taken a nice long look at Block.
Final bids and pick-up lines for Block were due earlier this week and a decision should come before Halloween. This week, investors anticipated a love connection and sent Block up more than seven bucks to $50.25, where it ended trading yesterday.