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Unilever offered 50 billion pounds for GSK unit – report

GSK and Pfizer (NYSE:PFE), 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.The approach by Unilever, which owns brands such as Dove soap and Marmite, for Glaxo’s portfolio of household brands including Panadol painkillers and Sensodyne toothpaste was understood to have been unsolicited, it added.Unilever's bid did not include any takeover premium or recognition of synergies, the newspaper said.It was not clear whether Unilever would make a higher offer and talks were not thought to be live, it said.Reuters has sought comment from the companies.($1 = 0.7314 pounds)
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GSK and Pfizer (NYSE:PFE), 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.

The approach by Unilever, which owns brands such as Dove soap and Marmite, for Glaxo’s portfolio of household brands including Panadol painkillers and Sensodyne toothpaste was understood to have been unsolicited, it added.

Unilever’s bid did not include any takeover premium or recognition of synergies, the newspaper said.

It was not clear whether Unilever would make a higher offer and talks were not thought to be live, it said.

Reuters has sought comment from the companies.

($1 = 0.7314 pounds)

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