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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

Reckitt Benckiser Acquires Schiff Nutrition for $1.4 Billion

Reckitt Benckiser Group plc, announced its acquisition of Schiff Nutrition International, Inc., following the successful completion of its $42.00 per share tender offer and a second-stage short-form merger. The transaction valued the company at $1.4 billion. Reckitt Benckiser had launched the offer on November 16, the day following its submission of a $42.00 per share topping bid in response to Schiff's previously announced October 29 agreement to be acquired by Bayer HealthCare LLC at $34.00 per share. At the expiration of the offer at 11:59 p.m. on December 14, approximately 96.3% of all outstanding shares had been tendered, allowing Reckitt Benckiser to complete the short-form merger the morning of December 17.

The Paul, Weiss team included corporate partners Charles Googe, Toby Myerson, Kelley Parker, Dale Sarro and Steven Williams and counsel Didier Malequin and Claudine Meredith-Goujon; employee benefits partner Andrew Gaines and counsel Reuven Falik; tax partner Jeffrey Samuels; environmental counsel William O'Brien; Washington, D.C. counsel Richard Elliott; real estate partner Mitchell Berg; litigation partners Jay Cohen, Stephen Lamb, Catherine Nyarady, Joseph Simons and Robyn Tarnofsky.

December 17, 2012

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