Next up for 2013: Schiff to be acquired…?
The year ended with the will-they-won’t-they acquisition of Schiff itself. A $1.4 billion counterbid by Reckitt Benckiser Group Plc may have won the race for Schiff Nutrition International Inc.
Bayer announced a $1.2 billion (€920m) acquisition of Salt Lake City-based Schiff on Oct 30. It was by far the biggest deal of 2012 in the dietary supplements space, and the biggest deal since
According to Bloomberg, an unsolicited tender offer for Schiff was made by Reckitt on November 16.
According to Reckitt, its offer is for $42.00 per share in cash, or approximately $1.4 billion.
