Recent $CHD Takeover Rumors Are of the Criminal Nature

Over the past two days, shares of the consumer goods giant have soared in pre market thanks to inane and completely unfounded takeover rumors. Yesterday, CHD surged by 30% in the pre market before people figured out it was bullshit.

This morning the stock surged by 11% on more rumors.

So the company issued this statement.

The co issued a statement saying that, “Over the last several days multiple rumors were reported in the press regarding a potential purchase of the Company. The Company believes that it is prudent to advise its employees and investors that the Company is not engaged in discussions with, nor has it received any proposal or communication concerning a potential bid for the Company or any of its business units and is not otherwise aware of any information supporting these rumors.”

With a market cap over $12 billion, whoever is behind these rumors is likely big. A big fucking criminal that is.