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Evening Standard
Evening Standard
Business
Simon Freeman

Unilever punished by City for failed £50bn tilt at GSK

A PROPOSED fire-sale of under-performing food assets failed to stem the blood-letting at Unilever today as the City issued a damning verdict over its failed £50 billion tilt at GlaxoSmithKline.

Shares in the consumer goods titan plunged by more than 7%, erasing some £7 billion from its £100 billion market cap and sending it to the foot of the blue-chip index.

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