Shares of Church & Dwight traded well off session highs Thursday after the company denied reports of a possible sale.
In a statement, Church & Dwight said it was "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."
The stock briefly rose more than 8 percent Thursday after Madrid-based news outlet Negocios.com reported Reckitt Benckiser will make a massive takeover bid for the company. The stock ended the day up more than 2 percent.
Reckitt Benckiser declined to comment.