By  on June 2, 2011

A number of Wall Street analysts quickly dismissed speculation that Procter & Gamble Co. would attempt to acquire certain businesses from Unilever.

The published reports that P&G was lining up a mega breakup bid for Unilever surfaced in a Daily Mail article on Wednesday. The article stated that the rumor ran amok on Tuesday, sending Unilever’s stock up 31 pence to 1,971 pence, or $32.50 at current exchange, on the London Stock Exchange. On Wednesday, the stock closed up 0.7 percent at 1,984.88, or $32.73. P&G closed down 0.9 percent at $66.40 on the New York Stock Exchange Wednesday.

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