Business & Investment

Unilever says Reuters wants to buy GSK’s consumer goods sector

© Reuters. File Photo: Overview outside the GlaxoSmithKline (GSK) headquarters in Brentford, London, England, May 4, 2020.Reuters / Matthew Childs

London (Reuters)-Consumer goods giant Unilever (NYSE :) said it was approaching GlaxoSmithKline (LON :) About buying the consumer goods division of the pharmaceutical group after the newspaper reported that the £ 50 billion ($ 68.4 billion) offer was rejected.

“GSK Consumer Healthcare is an attractive consumer health leader and will be a strong strategic fit as Unilever continues to restructure its portfolio,” Unilever said in a statement on Saturday.

“I’m not sure if an agreement will be reached.”

GSK did not immediately respond to the request for comment.

Previously, The Sunday Times of the United Kingdom said that a bid for Unilever’s business was worth about £ 50 billion with GSK. Pfizer (NYSE :). I own a minority stake in this division.

He added that Unilever, which owns brands such as Dove Thorpe and Marmite, understood that Glaxo’s approach to the portfolio of household brands such as Panador painkillers and Sensodyne toothpaste was one-sided.

According to the newspaper, Unilever’s bid did not include recognition of acquisition premiums or synergies. It wasn’t clear if Unilever would make a higher offer, he added.

($ 1 = 0.7314 pounds)

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Unilever says Reuters wants to buy GSK’s consumer goods sector Unilever says Reuters wants to buy GSK’s consumer goods sector

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