The United Kingdom consumer products entity Reckitt Benckiser Group (RBGPF.PK) tops Bayer’s (BAYZF.PK) agreed-upon $1.2 billion offer to buy the American vitamin maker Schiff Nutrition International (SHF) with an even higher bid of $1.4 billion. The move ignites a bidding competition for Schiff, whose lineup of vitamins and nutritional supplements like MegaRed and Move Free is alluring to firms looking out for stable sources of growth. Reckitt said late Thursday that it would offer $42 in cash for each Schiff share which would represent a 23.5 percent premium over the $34 that Bayer agreed to pay on October 30th.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
In a Friday press release, Dell (NASDAQ:DELL) announced its purchase of Gale Technologies, a leading supplier of infrastructure automation software that permits organizations to streamline their deployment of on-premise and hybrid clouds for self-service access to infrastructure. In addition, Dell reported the creation of its Enterprise Systems & Solutions organization which is concentrated upon the delivery of converged and enterprise workload topologies and solutions aligned with Dell’s Enterprise vision. Financials of the transaction were not released.