Why Reckitt Benckiser (RBGLY) Stock Is Lower

NEW YORK (TheStreet) -- Shares of Reckitt Benckiser Group Plc (RBGLY) are lower -1.28% to $16.21 after the company said it's no longer in active talks to buy the consumer health unit of Merck & Co. (MRK), saying the purchase doesn't meet its investment criteria, Bloomberg reports.

Bayer AG (BAYRY) is proposing a deal for the unit that could include some of the German company's health-care assets in addition to paying cash, sources told Bloomberg.

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