Unilever offers 50 billion pounds for GSK unit -report

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Stock Markets12 minutes ago (Jan 15, 2022 05:45AM ET)

(C) Reuters. FILE PHOTO: General view outside GlaxoSmithKline (GSK) headquarters in Brentford, London, Britain, May 4, 2020. REUTERS/Matthew Childs

LONDON (Reuters) – Consumer goods giant Unilever (NYSE:UL) has made a bid for pharmaceutical group Glaxosmithkline (LON:GSK)’s consumer goods business worth roughly 50 billion pounds ($68.4 billion), Britain’s Sunday Times reported.

GSK and Pfizer (NYSE:PFE), which owns a minority stake in the division, were understood to have rejected the offer on the basis that it was too low, the newspaper said.

($1 = 0.7314 pounds)

Unilever offers 50 billion pounds for GSK unit -report

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