Schiff Nutrition (SHF) shares surged 30% to $44.10 in post-market trading after it became the subject of a bidding war. Reckitt Benckiser (RBGPF.PK) has offered $1.4B, or $42/share, to acquire Schiff, topping a $1.2B proposal from Bayer (BAYZF.PK). Buying Schiff would enable Reckitt to enter the $30B market for vitamins and supplements, a temptation that analysts think could prompt J&J (JNJ) into making a bid as well.
Schiff Nutrition (SHF) shares surged 30% to $44.10 in post-market trading after it became the...
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