Report: Bayer will not raise offer for Schiff Nutrition as negotiations continue
NEW YORK — Bayer will not be raising its offer for Schiff Nutrition to match or exceed last week's bid from Reckitt Benckiser, Reuters reported Tuesday morning.
Bayer's bid is still active, however, and is in discussions with Schiff to acquire the company for its original evaluation of $1.2 billion. Reckitt Benckiser bid $1.4 billion.
To read the Reuters report, click here.