Bayer HealthCare LLC Buys Schiff Nutrition (SHF) for $34/Share
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Schiff Nutrition International, Inc. (NYSE: SHF) agreed to be acquired by Bayer HealthCare LLC for approx. US$1.2 billion, or $34 per share in cash.
Closing is subject to customary closing conditions and is expected by year end 2012.
Schiff generated net sales of US$259 million (approx. €200 million) for its fiscal year ended May 31, 2012. On September 18, 2012, Schiff publicly announced that net sales for fiscal year 2013 were projected to grow between 43 and 46 percent. Expected sales growth includes contributions from new products and brand building as well as Airborne®, which was acquired by Schiff on March 30, 2012
Closing is subject to customary closing conditions and is expected by year end 2012.
Schiff generated net sales of US$259 million (approx. €200 million) for its fiscal year ended May 31, 2012. On September 18, 2012, Schiff publicly announced that net sales for fiscal year 2013 were projected to grow between 43 and 46 percent. Expected sales growth includes contributions from new products and brand building as well as Airborne®, which was acquired by Schiff on March 30, 2012
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