Unilever donated £ 50 billion to GSK unit

© Reuters. File Photo: Overview outside the GlaxoSmithKline (GSK) headquarters in Brentford, London, England, May 4, 2020.Reuters / Matthew Childs

London (Reuters)-Big Consumer Goods Unilever (LON :) Bid to the pharmaceutical group towards the end of last year GlaxoSmithKline The (LON :) consumer goods business is worth around £ 50 billion ($ 68.4 billion), The Sunday Times of the United Kingdom reported.

With GSK Pfizer According to the newspaper, it was understood that a minority stake in the division (New York Stock Exchange :) rejected the offer because it was too low.

He added that Unilever, which owns brands such as Dove Thorpe and Marmite, understood that Glaxo’s approach to the portfolio of household brands such as Panador painkillers and Sensodyne toothpaste was one-sided.

According to the newspaper, Unilever’s bid did not include recognition of acquisition premiums or synergies.

It wasn’t clear if Unilever would make a higher offer, and the negotiations weren’t considered live, he said.

Reuters is asking both companies for comment.

($ 1 = 0.7314 pounds)

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Unilever donated £ 50 billion to GSK unit

Source link Unilever donated £ 50 billion to GSK unit

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