Bayer says to acquire U.S. vitamin maker Schiff
Home page > News

Bayer says to acquire U.S. vitamin maker Schiff

www.reuters.com   | 30.10.2012.

FRANKFURT (Reuters) - Germany's largest drugmaker Bayer said it agreed with Schiff Nutrition International to take over the U.S. vitamins and nutritional supplements maker for $1.2 billion.
br />

Bayer said on Tuesday it is offering $34 per share in cash.

Closing is subject to customary closing conditions and is expected by year end 2012, it added.

Schiff posted sales of $259 million for its fiscal year ended May 31, according to Bayer.

(Reporting by Ludwig Burger)


Comments (0) Add Your comment Add news < Previous news Next news >






  Add your news >>>