Nutritional acquisition
November 19, 2012
RECKITT Benckiser has
announced its intention to acquire
all of the outstanding shares of
Schiff Nutrition International, a
leading provider of branded
vitamins and nutrition supplements.
The offer would see Reckitt pay
US$42 per share (valuing Schiff at
approx US$1.4 billion), and is 23.5%
over the US$34.00 per share
transaction announced in October
by Bayer and Schiff.
“For Reckitt Benckiser, this
acquisition would provide a
powerful entryway into the large
and rapidly growing $30 billion
global VMS [vitamin, minerals and
supplements] market,” said Rakesh
Kapoor, Reckitt Benckiser CEO.
“This market would be the largest
consumer health care sector in
which we operate,” he added.
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