Reckitt Benckiser Agrees to Acquire Schiff as Bayer Walks Away

Reckitt Benckiser Agrees to Acquire Schiff as Bayer Walks Away

Chris Ratcliffe/Bloomberg

Reckitt Benckiser’s counterbid for Salt Lake City-based Schiff, the maker of Move Free joint-care pills, Tiger’s Milk nutrition bars and MegaRed Omega-3 supplements, exceeded Bayer’s offer of about $1.1 billion. The higher bid foiled Bayer Chief.