ZURICH (Thomson Financial) - Novartis AG declined to comment on vague market rumours it plans to bid for Bayer AG.
The rumours were circulating in Frankfurt, with a figure of 70 eur per share mentioned by traders. Market sources in Zurich and London expressed scepticism.
At 2.05 pm, Bayer was up 0.66 eur, or 1.26 pct at 52.92.
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