November 15, 2012 / 10:31 PM / 5 years ago

Reckitt Benckiser tops Bayer's offer for Schiff Nutrition

Nov 15 (Reuters) - Reckitt Benckiser Group Plc said it will begin a tender offer to buy U.S. vitamins maker Schiff Nutrition International Inc rivaling a bid from German drug giant Bayer.

Schiff agreed to be bought out by Bayer for $34.00 per share in late October.

Reckitt's offer of $42.00 per share represents a premium of nearly 24 percent to Schiff's shares close on Thursday. The company plans to start its tender offer from Nov. 16.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below