Reckitt close to Schiff takeover

Reckitt Benckiser said yesterday it looked forward to clinching a deal to buy US vitamin maker Schiff Nutrition after rival bidder Bayer announced it would not increase its offer. Reckitt last week trumped Bayer's $1.2bn (£754m) agreed deal to buy Schiff with a higher offer of $1.4bn. “Our original tender offer still stands and we look forward to reaching an agreement,” a spokeswoman for the UK consumer goods group said. “We are in communication with them (Schiff),” she added, while declining to go into further details.