Reckitt says looks forward to clinching Schiff takeover

LONDON Tue Nov 20, 2012 7:49am EST

LONDON Nov 20 (Reuters) - Reckitt Benckiser said on Tuesday it looked forward to clinching a deal to buy U.S. vitamin maker Schiff Nutrition after rival bidder Bayer announced it would not increase its offer.

Reckitt last week trumped Bayer's $1.2 billion agreed deal to buy Schiff with a higher offer of $1.4 billion.

"Our original tender offer still stands and we look forward to reaching an agreement," a spokeswoman for the UK consumer goods group said. "We are in communication with them (Schiff)," she added, while declining to go into further details.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.