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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Unilever vows not to increase GSK bid

Unilever GSK Consumer Healthcare GlaxoSmithKline

Unilever

(Picture: PA Archive)

Unilever has effectively ruled out a fourth takeover approach for GlaxoSmithKline’s consumer healthcare business after vowing not to increase its offer.

In a statement at market close on Wednesday, Unilever said: “We note the recently shared financial assumptions from the current owners of GSK Consumer Healthcare and have determined that it does not change our view on fundamental value. Accordingly, we will not increase our offer above £50bn.”

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