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Business
Reckitt Outbids Bayer For Schiff Nutrition
by Alex Scott
November 26, 2012
| A version of this story appeared in
Volume 90, Issue 48
The British consumer goods maker Reckitt Benckiser has offered to buy the U.S. vitamins and food supplements firm Schiff Nutrition for $1.4 billion, or $42.00 per share. The bid trumps an earlier offer by Bayer to purchase Schiff for $1.2 billion. Bayer says it has decided not to increase its bid. Reckitt Benckiser CEO Rakesh Kapoor says the purchase will provide entry to the $30 billion-per-year vitamins, minerals, and supplements market.
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