In the year of the megamerger, even a $60 billion toothpaste giant isn’t too big to wind up on someone’s shopping list.

Colgate-Palmolive Co. is in an enviable position as oral- care products become increasingly sought-after in developing nations, where the company already generates half its sales. Its revenue is set to climb faster than every peer over the next few years, including Unilever and Johnson & Johnson, which analysts consider the most logical suitors.

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