MARKET TALK: RBS Lifts SSL International Price Target

26th Jul 2010 12:36

1136 GMT [Dow Jones] Royal Bank of Scotland lifts SLL International (SSL.LN) price target to 1163p from 800p following the company's announcement that it is recommending an 1163p all-cash offer from Reckitt Benckiser (RB.LN). RBS reckons it's a sensible deal at a fair price and thinks shareholders will accept at the current level. Also doubts a counterbid will emerge. "Reckitt is paying a full price and has consistently appeared to be the most likely buyer of the business." Keeps the stock at hold. SSL shares +0.2% at 1179p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 26, 2010 07:36 ET (11:36 GMT)