A day after Bayer ruled out raising its offer for Schiff Nutrition (SHF), Reckitt Benckiser...

|About: Reckitt Benckiser Group Plc. (RBGPF)|By:, SA News Editor

A day after Bayer ruled out raising its offer for Schiff Nutrition (SHF), Reckitt Benckiser (RBGPF.PK) announces a definitive merger agreement at $42/share, valuing SHF at $1.4B. Reckitt says it will finance the deal with cash and existing credit facilities.