SSL, Maker of Durex Condoms, OKs $3.9 Billion Takeover Bid

SSL International Plc, the company which makes Durex condoms as well as Scholl foot care products, said its board is recommending a 2.54 billion pound ($3.9 billion) takeover offer from Reckitt Benckiser PLC. Reckitt Benckiser said the offer represents a 33% premium over SSL%u2019s July 20 share price, according to The Associated Press. The bid values the company at 1,163 pence a share plus a final dividend for last year of eight pence.