Marmite-owner Unilever makes three bids for GSK consumer goods arm

A successful bid would be one of the biggest ever deals involving firms trading in London.

1/15/2022 7:59:00 PM

A successful bid would be one of the biggest ever deals involving firms trading in London.

Glaxo Smith Kline rejected three offers, saying they 'undervalued' its consumer goods business.

GSK said the proposals "fundamentally failed" to reflect the value of the division.GSK said in a statement the most recent proposal from Unilever on 20 December contained an offer for £41.7bn in cash and £8.3bn in Unilever shares.come under pressure

The consumer goods giant,Neither GSK nor Pfizer has any ideological objection to selling to Unilever. GSK had planned to spin off its consumer business later this year anyway through a demerger creating a separate publicly listed company but always said it would have an open mind to a trade sale to another party if the price was right.

Read more: BBC London »

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