Unilever won't raise rejected bid for GSK consumer arm

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GSK has rejected three bids from Unilever for its consumer arm, which is home to brands such as Sensodyne toothpaste, Emergen-C vitamin supplement and Panadol painkiller.

It has said it would stick to its plan to separately list the business in mid-2022 and issued improved financial assumptions for the unit.

"The Consumer Healthcare business has an exceptional portfolio and offers existing and prospective shareholders a highly attractive financial profile supporting investment and future returns," they added. This estimate was above its prior forecast of seeking to beat the consumer health market's growth of about 4%.

 

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