SunTrust analyst William Chappell questions the validity of the Negocios report that Reckitt Benckiser (RBGLY) plans to offer to acquire Church & Dwight (CHD) for $23B, or about $168 per share, saying he doesn't believe Procter & Gamble (PG) would be in the mix as a suitor, as the report alleges, and he wonders if Reckitt would really spend 28x EBITDA for C&D. However, Chappell does say "there certainly may be an offer on the table" for Church & Dwight and that Reckitt does seem to be a good fit. He keeps a Buy rating on C&D shares, which are up 6% in pre-market trading to about $103 per share.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Paramount (PARA)... To see the rest of the story go to thefly.com. See Story Here

Reports Q3 revenue $20.2B, consensus $20.41B. "We delivered solid sales and strong earnings growth in the third quarter despite multiple headwinds, enabling us to raise our EPS growth guidance and maintain our top-line outlook for the fiscal year," said Jon Moeller, Chairman of the Board, President and CEO. "We remain committed to our integrated strategy of a focused product portfolio of daily use categories where performance drives brand choice, superiority - across product performance, packaging, brand communication, retail execution and consumer and customer value - productivity, constructive disruption and an agile and accountable organization. We are increasing investments in superiority to drive market growth and sustain strong momentum. We have confidence this remains the right strategy to deliver balanced growth and value creation."