November 20, 2012 / 12:50 PM / 5 years ago

Reckitt says looks forward to clinching Schiff takeover

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.

Our Standards:The Thomson Reuters Trust Principles.
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