Reckitt Benckiser's offer to buy Schiff may spark bidding war

Reckitt Benckiser Group (Reckitt Benckiser; Slough, UK) announced on Friday that it has commenced a tender offer to acquire Schiff Nutrition International (Salt Lake City), a leading producer of branded vitamins, nutrition supplements and nutrition bars in the United States and elsewhere, for $42.00/share in cash, or approximately $1.4 billion. The offer exceeds that made last month by Bayer and may spark a bidding war, analysts say. Bayer offered to buy Schiff for $34/share, or $1.1 billion.   Reckitt Benckiser’s tender offer will expire at 9:00 a.m....

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers