Bayer (BAYZF.PK) agrees to acquire Schiff Nutrition (SHF) for $1.2B in cash, with the...

|About: Bayer A.G. (BAYZF)|By:, SA News Editor

Bayer (BAYZF.PK) agrees to acquire Schiff Nutrition (SHF) for $1.2B in cash, with the $34-a-share offer representing a 47% premium to the latter's close on Friday. The deal strengthens Bayer's presence in the U.S., the biggest market in the world for over-the-counter and nutritional products. Separately, Bayer's Q3 EBITDA edges up to €1.85B as sales rise 12% to €9.67B. (PR: merger, earnings)