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Bangkok Post
Bangkok Post
Business

Unilever won't up £50bn offer for GSK-Pfizer unit

Unilever Pfizer GSK GlaxoSmithKline London
British pharmaceutical group GlaxoSmithKline said it had received three unsolicited offers from Unilever for GSK Consumer Healthcare -- all of which were rejected for being too low

LONDON: Consumer goods giant Unilever on Wednesday said it would not increase a £50-billion offer for the consumer healthcare unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.

British group GSK at the weekend said it had received three unsolicited offers from Unilever for GSK Consumer Healthcare -- all of which were rejected for being too low.

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