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Reckitt says looks forward to clinching Schiff takeover
November 20, 2012 / 12:51 PM / 5 years ago

Reckitt says looks forward to clinching Schiff takeover

LONDON (Reuters) - Reckitt Benckiser (RB.L) said on Tuesday it looked forward to clinching a deal to buy U.S. vitamin maker Schiff Nutrition SHF.N after rival bidder Bayer (BAYGn.DE) 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.

Reporting by Ben Hirschler; editing by Andrew Callus

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