STOCKS

Quaker Oats Stock Boils Over on Takeover Talk: Quaker Oats Co., maker of popular products ranging from oatmeal to Gatorade, was rumored Friday to be a takeover target of Nestle, and the talk sent its stock to a 12-month high. Shares in the Chicago-based company closed $7.25 higher at $78.625 on the New York Stock Exchange. A Quaker Oats spokesman could not be reached for comment. Quaker Oats declined to comment on its stock activity, according to a statement from the NYSE. “The company stated that its policy is not to comment on unusual market activity or rumors,” the exchange said. Officials of Swiss food giant Nestle also could not be reached for comment.