Content about Schiff Nutrition International

October 30, 2012

Bayer HealthCare said it plans to acquire rapidly growing Schiff Nutrition International for $34 a share in a transaction valued at $1.2 billion.

Bayer HealthCare said it plans to acquire rapidly growing Schiff Nutrition International for $34 a share in a transaction valued at $1.2 billion.

The deal, described as a "bolt-on acquisition" by Bayer, is expected to close by year end. Salt Lake City-based Schiff is a 75-year-old-company known for brands such as MegaRed, Move Free and Airborne.