Bayer to acquire Schiff Nutrition International

Bayer HealthCare LLC has signed a merger agreement to acquire Schiff Nutrition International, Inc. (NYSE: SHF), a leading company offering vitamins and nutritional supplements in the United States and other countries for $1.2 billion. Schiff’s product portfolio includes core brands MegaRed®, Move Free® and Airborne®, among others. The transaction values Schiff at 4.6 times revenues. Schiff is expected to generate about 43 to 46% growth this fiscal.