Bayer Abandoning Schiff Thwarts Trader Bets on Bid War: Real M&A

Bayer Abandoning Schiff Thwarts Trader Bets on Bid War: Real M&A

Hannelore Foerster/Bloomberg

Bayer AG said today that it won’t raise its $34-a-share bid for U.S. vitamin maker Schiff Nutrition International Inc. because the price would have been too high.