Unilever weighs raising bid for GSK’s consumer assets -Bloomberg

FILE PHOTO: The Unilever logo is seen on a screen inside the New York Stock Exchange, the United States, February 17, 2017. REUTERS/Brendan McDermid

Jan 17 (Reuters) – Unilever Plc has been in talks with banks about additional financing for a possible enhanced offer for GlaxoSmithKline Plc’s consumer products division, Bloomberg reported on Sunday, citing people familiar with the matter.

Unilever and GSK did not immediately respond to Reuters requests for comment.

The news came a day after GSK said it had rejected a 50 billion pound ($68.37 billion) bid from Unilever for the consumer products division. GSK said it had received three offers from Unilever, the last one on December 20.

Unilever could eventually sell some non-core assets in GSK’s portfolio to buyers including venture capital firms, which could help finance a takeover, according to the Bloomberg article.

(1 dollar = 0.7314 pounds)

(Reporting by Maria Ponnezhath in Bengaluru; editing by Andrew Cawthorne; translated by Tomás Cobos)


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