25/11/2015 17:46:36 Free Membership Login

Reckitt Benckiser Launches $1.4 Billion Tender Offer For Schiff Nutrition

Date : 11/22/2012 @ 1:15PM
Source : Dow Jones News
Stock : Schiff Nutrition International, Inc. (SHF)
Quote : 42.0  0.0 (0.00%) @ 12:35PM
Schiff Nutrition International, Inc. share price Chart

Reckitt Benckiser Launches $1.4 Billion Tender Offer For Schiff Nutrition

Reckitt Benckiser (LSE:RB.)
Historical Stock Chart

5 Years : From Nov 2010 to Nov 2015

Click Here for more Reckitt Benckiser Charts.

LONDON--Reckitt Benckiser Group PLC (RB.LN), a manufacturer of consumer goods, said Thursday that it has signed a definitive merger agreement with Schiff Nutrition International, Inc. (SHF), adding that it has launched a $1.4 billion Tender Offer For Schiff.


-Schiff has approved the transaction and will recommend that its stockholders tender their shares into Reckitt Benckiser's previously announced cash tender offer of $42.00 per share, valuing Schiff at $1.4 billion.

-Reckitt Benckiser's tender offer will expire at 0459 GMT, on Dec. 15, unless extended in accordance with the merger agreement and the applicable rules and regulations of the SEC.

-Reckitt Benckiser will finance the transaction with cash and existing credit facilities. The transaction is expected to be immediately accretive to earnings on an adjusted basis.

-Reckitt shares closed Wednesday at GBP38.45 valuing the company at GBP27.65 billion.

-Write to Razak Musah Baba at razak.baba@dowjones.com

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 in 151125 17:46