German pharmaceutical giant Bayer AG apparently wants no part of a bidding war for Salt Lake City–based Schiff Nutrition International, which makes vitamins and nutritional supplements such as Airborne.
Trumped by a $1.4 billion bid by U.K. consumer products company the Reckitt Benckiser Group, Bayer said in a letter addressed to Schiff general counsel Scott Milsten on Monday that it has no plans to increase the $1.2 billion offer it made at the end of October to acquire Schiff.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
