Shares of Schiff Nutrition International (SHF) rose over 45% over the past week. The nutritional supplement company announced to be taken over by Bayer Healthcare in a $1.2 billion deal.
The Deal
Schiff Nutrition International announced on Tuesday that it will be acquired by Bayer Healthcare. Schiff's leading vitamins and nutritional supplements include core brands as MegaRed, Move Free and Airborne. Bayer will pay $34 in cash per share, for a total deal value of almost $1.2 billion.
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