Reckitt seals deal to buy Schiff for $1.4 billion

(Reuters) – Reckitt Benckiser Group Pls has signed an agreement to acquire Schiff Nutrition International Inc for $1.4 billion, beating out Germany’s Bayer and winning its entry into a $30 billion vitamins and nutrition supplements market. Schiff’s board of directors have approved the previously announced cash tender offer of $42 per share, and recommends shareholders tender into the deal, Reckitt said in a statement on Wednesday. The agreement had been expected. On Tuesday, Bayer disclosed its decision to capitulate to its rival bidder, which topped its own offer of $1.2 billion. …

In "beautiful China", local polluters still hold sway

Chimneys from the huge state-owned lead smelter are visible behind a sign in the town of TianyingTIANYING, China (Reuters) – In ramshackle semi-industrial Tianying in China's Anhui province, a state-owned lead smelter and foundry sits at the centre of town, behind high walls and secure gates that make it look more like a prison than the mainstay of the local economy. Decades of pollution from it and similar plants — Tianying once accounted for half of China's total lead output — has made much of the town's land uninhabitable and its water undrinkable. …

N.J. Father Gives Son Gift of Sight

Tom Bestwick, Sr. enjoyed the open road; he enjoyed the feeling of riding his Harley Davidson motorcycle throughout the back roads of New Jersey with his son, Tom Jr.”It was the combination of the thrill of the ride, the freedom of not being confined in a metal box and I’ll be damned if they ain’t fun,” said Tom.On July 17, 2012 Tom would ride for a final time when collided his 1997 silver CMC motorcycle with a Buick La Saber in New Jersey. He was rushed to Christiana Hospital in Delaware but doctors could not spare his life. …

1 25 26 27 28 29 87