Bayer acquires nutritional supplements company Schiff Nutrition for $1.2 billion

Bayer HealthCare has signed an agreement to acquire Schiff Nutrition International (Salt Lake City), a leading player in the vitamins and nutritional supplements business in the United States and other countries. Schiff’s product portfolio includes core brands MegaRed, Move Free and Airborne, among others. The transaction values Schiff at approximately $1.2 billion equivalent to $34/share in cash. Closing is subject to customary closing conditions and is expected by year end 2012. “Bayer is committed to augment its organic growth with strategic...

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