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The German pharmaceutical giant has alerted Schiff Nutrition's management that it will not increase its $1.2 billion bid for the maker of vitamins and nutritional supplements. Bayer said it prefers to avoid a bidding war with the U.K.'s Reckitt Benckiser, which offered $1.4 billion for Schiff last week.
November 20, 2012 at 12:00 AM
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The original version of this story was published on Law.Com
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