Reckitt Benckiser Group PLC announced after the close Thursday that it will commence a tender offer to acquire Schiff Nutrition International (SHF) for $42.00 per share in cash, valuing Schiff at approximately $1.4 billion.
Schiff Nutrition International gapped open dramatically higher Friday morning, but moved in a narrow range throughout the session. The stock jumped to a new high for the year on above average volume and finished with a gain of 9.84 at $43.76.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.