FRANKFURT (Reuters) - Germany's largest drugmaker Bayer said it agreed with Schiff Nutrition International to take over the U.S. vitamins and nutritional supplements maker for $1.2 billion. Bayer said on Tuesday it is offering $34 per share in cash. Closing is subject to customary closing conditions and is expected by year end 2012, it added. Schiff posted sales of $259 million for its fiscal year ended May 31, according to Bayer. (Reporting by Ludwig Burger) via Health News Headlines - Yahoo! News Read More Here..
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