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UNILEVER GSK DEAL
Unilever's soap opera: M&A, job cuts, Nelson Peltz joining boardThe maker of Dove soap and Magnum ice cream has had a bumpy few years, with shares falling about a quarter from highs seen in late 2019 and...- Unilever's strategy in spotlight after dropping $68 billion GSK battleShares in Unilever, the maker of a range of brands such as Dove soap and Hellmann's mayonnaise, gained 2% after the company said late on We...
- Unilever eyes GSK's consumer goods arm in possible 50 billion-pound dealEarlier, Britain's Sunday Times said the Unilever bid for the business made late last year was worth roughly 50 billion pounds, and had bee...
- GSK sells $3.35 billion stake in Hindustan UnileverThe 133.77 million shares were offloaded on average for 1,905 rupees, according to a statement from GlaxoSmithKline.
- GSK preparing to start Rs 28,000 crore stake sale in HULET Now, quoting agencies, said GSK PLc is likely to start the discussion of its stake in the next few days.
- HUL acquires Horlicks from GSK for Rs 3,045 croreGSK brands like Horlicks, Boost, Maltova and Viva have come to HUL’s portfolio as part of the merger.
- NCLT clears GSK-HUL merger, paves way for GSK Plc’s exit through huge block dealOfficials aware of the developments say Morgan Stanley is readying the share sale process.
- GSK consumer MD to head residual business post HUL deal completionThe unlisted entity has brands like Sensodyne toothpaste, Crocin analgesic and Iodex pain balm. The majority of GSK Consumer’s India portfo...
- GSK Consumers Healthcare gets shareholders' approval for merger with HULThe company has received 99.99 per cent votes in favour of the scheme of amalgamation.
- Won’t transfer key technology to HUL: GSK Consumer to CourtUnilever Plc’s India unit said on December 3 it would merge GSK Consumer with itself in an all-stock deal that will give it access to Horli...
- GSK Consumer Healthcare to fight case against tech transferGSK Consumer Healthcare said it will contest an attempt by Steer Engineering to block the transfer of technology that quickens the process ...
- Unilever used HUL buyback gains to secure GSK health dealUnilever bought back HUL shares at Rs 600 apiece 5 years ago which has appreciated to Rs 1,700 now. Unilever diluted 5.3% HUL stake in GSK ...
- Teams to plan staff integration or separation in GSK-HUL dealGSK chief strategy officer said there is no clause in the deal that HUL has to retain all GSKCH employees.
- Taxmen begin scrutiny of Unilever-GSK dealTax officials could also raise the issue that GST of 12% is applicable on the overseas transaction.
- Post GSK deal, analysts raise HUL target price by up to 17%Credit Suisse has raised FY21 earnings estimates by 6.5 per cent, lifting its target price to Rs 1,900 from Rs 1,770.
- HUL to pour Horlicks into its portfolio with GSK dealUnilever edged past Nestle, the world’s largest food and drinks company, in a closely fought battle.
- Together with GSK, we can make Horlicks a much bigger brand: HUL Chairman Sanjiv MehtaIn a media briefing, HUL chairman Sanjiv Mehta and chief financial officer Srinivas Phatak outlined the reasons for and contours of the dea...
- Considering possible deal and merger of Indian unit: GlaxoSmithKlineIn response to recent press speculation, GSK confirms that consideration is being given to a potential transaction that includes a merger o...
- With $3.4B cash bid, Unilever may bag GSK’s nutrition businessThe deal, if finalised, will strengthen Unilever’s position in India, its most important emerging market.
- Weak rupee is tempting for foreign investors bringing dollars to IndiaLarge, stable Western companies have plenty of cash on their balance sheets but little option to invest in the economies of Europe and the ...
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