Reckitt’s Schiff Buy Reflects Nutritional Industry “On Fire”
This article was originally published in The Tan Sheet
Reckitt Benckiser went high with its $1.4 billion bid for Schiff Nutrition, though the acquisition’s impressive multiples are not entirely out of line with earlier deals in the nutrition space. Analyst Damian Witkowski notes that Airborne, MegaRed and other Schiff brands already are primed for organic growth.
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