Rumor Activity was strong today.
* There were reports that Nelson Peltz has resumed calls to break up Pepsi (PEP). * There were reports that Bayer (BAYRY) and Novartis (NVS) are considering bids for Merck's (MRK) consumer health unit; may be worth $10-12 bln. * There were reports that Nokia (NOK) is considering bid for Juniper (JNPR). * InvenSense (INVN) strength attributed to M&A speculation following SWKS comments suggesting MEMS company acquisition interest. * RIT Technologies (RITT) strength attributed to positive blog mention making the rounds. * Citrix Systems (CTXS) strength attributed to analyst suggesting potential shareholder activist action in the near-term.