Unilever to weigh raising the US$68.37bil offer for GSK's consumer assets


The news came a day after GSK said it had rejected a 50-billion-pound ($68.37 billion) offer from Unilever for the consumer goods arm. GSK said it had received three bids from Unilever, the latest on Dec. 20.

Unilever Plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc's consumer products division, Bloomberg reported https://www.bloomberg.com/news/articles/2022-01-16/unilever-is-said-to-weigh-raising-offer-for-glaxo-consumer-unit?sref=WJKVI5nK on Sunday, citing people familiar with the matter.

Unilever and GSK did not immediately respond to Reuters' requests for comment.

The news came a day after GSK said it had rejected a 50-billion-pound ($68.37 billion) offer from Unilever for the consumer goods arm. GSK said it had received three bids from Unilever, the latest on Dec. 20.

Unilever could eventually sell some non-core assets from the GSK portfolio to buyers including private equity firms, which could help fund an acquisition, the Bloomberg report added.

($1 = 0.7314 pounds) - Reuters
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Uniliver , GSK , consumer assets , GlaxoSmithKline Plc ,

   

Next In Business News

WZ Satu posts higher earnings in 1Q
Samaiden reports almost 4-fold profit jump in 3Q
Hong Seng posts improved net profit, revenue in 2Q
Genting Malaysia revenue rises to RM1.7bil
DRB-Hicom 1Q net loss widens toRM25.74mil
PetDag 1Q net profit dips 38% to RM118mil
Sunway's net profit surges to RM140.11mil in 1Q amid strong performance across all segments
IHH Healthcare reports 31% YoY rise in net profit in 1Q
Masteel net profit surges 57% to RM13.2mil in 1Q
Iris inks RM1.12bil contract with KDN

Others Also Read