• Unilever's $68 Billion Toothpaste Tilt Needs Another Squeeze

    20 hours ago - By Washington Post

    There's strategic sense in the consumer giant's bid for GlaxoSmithKline's healthcare arm. Paying a winning price is the real challenge.
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  • GSK rejects $68b Unilever bid for consumer healthcare unit

    23 hours ago - By Chron

    LONDON - The pharmaceutical giant GlaxoSmithKline said Saturday it has rejected an unsolicited 50 billion-pound bid from Unilever for its consumer healthcare goods unit, a joint venture it controls in a partnership with Pfizer.
    The London-based company said in a statement posted to its website that a series of three bids made by Unilever last year - the last on Dec. 20 - were all rejected “on the basis that they fundamentally undervalued” the unit and its future prospects.
    Both GlaxoSmithKline and Unilever confirmed that an acquisition offer was made following a report in Britain's Sunday...
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