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Unilever offers 50 billion pounds for GSK unit -report By Reuters

© Reuters. FILE PHOTO: General view outside GlaxoSmithKline (GSK) headquarters in Brentford, London, Britain, May 4, 2020. REUTERS/Matthew Childs

LONDON (Reuters) – Consumer goods giant Unilever (NYSE:) has made a bid for pharmaceutical group Glaxosmithkline (LON:)’s consumer goods business worth roughly 50 billion pounds ($68.4 billion), Britain’s Sunday Times reported.

GSK and Pfizer (NYSE:), which owns a minority stake in the division, were understood to have rejected the offer on the basis that it was too low, the newspaper said.

($1 = 0.7314 pounds)

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