date:Nov 27, 2012
Reckitt Benckiser Group LLC last week announced an agreement to acquire Schiff Nutrition International, Inc. for $42 per share, besting a previous $1.2 billion offer from Bayer AG.
Schiff, the supplier of branded vitamins, nutrition supplements and nutrition bars, is valued at $1.4 billion under the new deal, said Reckitt Benckiser, the global consumer goods company with such health and hygiene brands as Mucinex, Scholl, Lysol and Veet.
Schiff previously intended to sell itself for $34 per sha