Pharma BD Deal Intelligence
Reckitt Benckiser Group plc / Schiff Nutrition International, Inc.
2012 · Acquisition/Merger · $1.4B · Complete
Announcement Sentiment
71
Positive
Reckitt Benckiser tendered $42/share (~$1.4B) for Schiff, 23.5% premium over Bayer's $34 bid. Schiff board signed merger agreement with Reckitt; Bayer declined to counterbid. Note: nutraceutical/consumer-health, borderline category.
Did it work? Outcome assessment
Strategic verdict
Achieved Stated Rationale
Financial impact
Accretive
Assessment window: 10yr post-close.
Key facts
- Announced Nov 13, 2012
- Closed Dec 14, 2012
- Deal value $1.4B
- Deal type Acquisition/Merger
- Therapeutic area Vitamins and dietary supplements
- Indications Vitamins and dietary supplements
- Key assets MegaRed, Move Free, Airborne (vitamins/supplements)
- Mechanism Multiple (nutraceutical)
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