Reckitt says looks forward to clinching Schiff takeover
LONDON (Reuters) - Reckitt Benckiser (RB.L) said on Tuesday it looked forward to clinching a deal to buy U.S. vitamin maker Schiff Nutrition SHF.N after rival bidder Bayer (BAYGn.DE) 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.
TOKYO - Japanese Prime Minister Shinzo Abe's cabinet approved a $182 billion package on Thursday to pull the economy out of deflation, but doubts remain about the impact.
- U.S. small businesses boosted borrowing in October to its highest level in over six years, an index showed on Tuesday, fresh evidence that the budget battle that shut the federal government for 16 days did little to derail underlying economic growth.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.