Unilever bids £50bn for GSK’s shopper empire | Trade

Unilever has made an audacious bid for Glaxo Smith Kline’s shopper items industry price more or less £50 billion, The Sunday Occasions can divulge.

The FTSE 100 maker of Dove cleaning soap and Marmite is known to have made an unsolicited manner for Glaxo’s portfolio of family manufacturers, together with Panadol painkillers and Sensodyne toothpaste, in opposition to the tip of ultimate yr. The board of Glaxo and the American medicine massive Pfizer, which owns a minority stake within the department, are understood to have rejected the be offering at the foundation that it was once too reasonable.

Even though analysts have put a valuation of about £48 billion on Glaxo’s shopper items industry, which is because of be spun out right into a separate checklist in the course of this yr, it’s understood

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