Church & Dwight (CHD) announced after the bell Monday that it agreed to acquire Avid Health Inc. for $650 million in cash. The transaction is expected to close early in the fourth quarter.
Church & Dwight gapped up Tuesday and spiked higher in early trade. The stock was range-bound for the remainder of the session and closed up by 2.71 at $55.75 on above average volume. Church & Dwight rose to a 2-week high and re-crossed its 50-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.