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The top executive at Colgate-Palmolive Co. dismissed questions June 1 about whether the company is considering a friendly takeover bid from packaged food producer The Kraft Heinz Co.
Chairman, President and CEO CIan Cook made the remarks at the start of a question-and-answer session at the Bernstein Annual Strategic Decisions Conference in New York.
Cook would not confirm or deny media reports that he is considering selling Colgate-Palmolive, saying the company has "a long-standing policy not to comment on rumors and speculation."
"If we ever did have something to share with the market, we would do so and we would only do it in an appropriate...