GSK rejects bid for consumer unit
GlaxoSmithKline Plc has confirmed media reports that it was approached three times by Unilever Plc to sell its joint venture consumer healthcare unit, but rejected the overtures. The most recent offer, made on 20 December 2021 was for £50 billion which would have comprised £41.7 billion in cash and £8.3 billion in Unilever shares. “GSK rejected all three proposals made on the basis that they fundamentally undervalued the consumer healthcare business and its future prospects,” the company said in a statement on 15 January 2022.
