Bayer Will Not Raise Bid for Schiff Nutrition (SHF)
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Reckitt Benckiser to Acquire Schiff Nutrition (SHF) for $42/Share
November 21, 2012 4:24 PM ESTReckitt Benckiser Group PLC announces it has signed a definitive merger agreement with Schiff Nutrition International, Inc. (NYSE: SHF) a leading provider of branded vitamins, nutrition supplements and nutrition bars in the United States and elsewhere. The Board of Directors of Schiff has approved the transaction and will recommend that its stockholders tender their shares into Reckitt Benckiser's previously announced cash tender offer of $42.00 per share, valuing Schiff at $1.4 billion. Reckitt Benckiser's tender offer will expire at 11:59 p.m. New York City time, on December 14, 2012, unless extended in accordance with the merger agreement and... More
