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To acquire nutrition company for $1.4 billion.
December 17, 2012
By: TOM BRANNA
Reckitt Benckiser Group plc (RB) has successful completed the tender offermade by Reckitt Benckiser’s indirect wholly-owned subsidiary Ascot Acquisition Corp. for all of the outstanding shares of Class A common stock and Class B common stock of Schiff Nutrition International, Inc. (Schiff Nutrition) at a purchase price of $42.00 per share, net to the seller in cash, without interest, or approximately $1.4 billion. Morgan Stanley & Co. Limited is acting as exclusive financial adviser to Reckitt Benckiser.
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