Unilever eyes GSK’s consumer goods arm in possible 50 billion-pound deal

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Reuters

By Mrinmay Dey and Siddharth Cavale (Reuters) -Consumer goods giant Unilever said it had approached Glaxosmithkline about buying the pharmaceutical group’s consumer goods arm, after a newspaper reported that a 50 billion-pound ($68.4 billion) bid it made had been rebuffed. Unilever, which has been under fire from some investors for the group’s underperforming share price, confirmed the approach about a potential acquisition of the business in a statement on Saturday. “GSK Consumer Healthcare is a leader in the attractive consumer health space and would be a strong strategic fit as Unilever con…

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