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Report: Bayer will not raise offer for Schiff Nutrition as negotiations continue
NEW YORK — Bayer will not be raising its offer for Schiff Nutrition to match or exceed last week's bid from Reckitt Benckiser, Reuters reported Tuesday morning.
Bayer's bid is still active, however, and is in discussions with Schiff to acquire the company for its original evaluation of $1.2 billion. Reckitt Benckiser bid $1.4 billion.
To read the Reuters report, click here.
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Rite Aid gives customers head start on Black Friday shopping
CAMP HILL, Pa. — Rite Aid is offering Black Friday discounts early at its stores this year.
The retail pharmacy chain said it would open its stores from at least 9 a.m. to 5 p.m. on Thanksgiving Day and emailing Black Friday survival guides with shopping tips and savings to customers. The National Retail Federation predicts that 71 million shoppers will visit retailers over Black Friday weekend.