Jan. 15 (UPI) —<\/span> Healthcare product maker GlaxoSmithKline has rejected three unsolicited offers from Unilever, including one worth $68 billion, to acquire its consumer goods division, the company confirmed Saturday.<\/p>\n If successful, the takeover between the two London-based companies would add GSK brands such as Sensodyne, Aquafresh and ChapStick to the list of brands owned by Unilever — which include Axe, Dove and Vaseline.\n<\/p>\n<\/article>\n “GSK rejected all three proposals made on the basis that they fundamentally undervalued the Consumer Healthcare business and its future prospects,” the company said in a statement.<\/p>\n The GSK announcement was made in response to reporting from The Sunday Times of London, which did not reveal how it had obtained the information. Unilever has also since released a statement confirming the attempted acquisition in response to the reporting from the Times.\n<\/p>\n “GSK Consumer Healthcare is a leader in the attractive consumer health space and would be a strong strategic fit as Unilever continues to re-shape its portfolio,” Unilever said in its statement. “There can be no certainty that any agreement will be reached.”<\/p>\n GSK’s consumer healthcare business is a joint venture with U.S. company Pfizer, which has not released a statement about the attempted acquisition.\n<\/p>\n GSK revealed that the most recent $68 billion offer from Unilever came Dec. 20 and comprised about $57 billion in cash and about $11.4 billion in Unilever shares.\n<\/p>\n “The board of GSK unanimously concluded that the proposals were not in the best interests of GSK shareholders,” the company said, noting that its business is well-positioned to grow in the consumer healthcare sector.<\/p>\n GSK said that the company “remains focused” on spinning off its Consumer Healthcare business into a new company by mid-2022, after hiring former Tesco CEO Dave Lewis to lead the new venture.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A security guard hoists a GlaxoSmithKline company flag outside the GSK factory in Shanghai, China, in 2013. GSK has rejected three unsolicited offers from Unilever, including one worth $68 billion, to acquire its consumer goods division. File Photo by EPA-EFE Jan. 15 (UPI) — Healthcare product maker GlaxoSmithKline has rejected three unsolicited offers from Unilever, […]<\/p>\n","protected":false},"author":1,"featured_media":751522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[],"class_list":["post-751521","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/751521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=751521"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/751521\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=751521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=751521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=751521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"GlaxoSmithKline](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/01\/GlaxoSmithKline-rejects-68B-offer-from-Unilever-for-consumer-goods-division.jpg\" "\\"GlaxoSmithKline")
\n<\/div>\nA security guard hoists a GlaxoSmithKline company flag outside the GSK factory in Shanghai, China, in 2013. GSK has rejected three unsolicited offers from Unilever, including one worth $68 billion, to acquire its consumer goods division. File Photo by EPA-EFE<\/p>\n