date:Nov 27, 2012
finance the acquisition with cash and existing credit facilities and anticipates the tender offer will close before the end of the year.
Fast-growing Schiff reported net sales of $259 million for the one-year period ending May 31, 2012 and forecasts growth between 43 percent and 46 percent for its next fiscal year. Reckitt Benckiser expects the acquisition to be immediately accretive to earnings on an adjusted basis.