date:Nov 19, 2012
British consumer products giant Reckitt Beckinser has offered $1.4 billion for vitamin and supplements maker Schiff Nutrition a premium on Bayer AG's proposed $1.2 billion deal accepted by a majority of shareholders last month.
Reckitt Beckinsers cash offer values Schiff shares at $42 a 23% premium on the companys current share price. The proposed Reckitt Beckinser deal is 24% higher than Bayers $34 a share offer.
Reckitt Beckinser said that a successful bid for Schiff would enable the firm