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Business

Reckitt Outbids Bayer For Schiff Nutrition

by Alex Scott
November 26, 2012 | 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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