MARMITE and Hellmann's mayonnaise owner
The bids, believed to be around £50bn, were revealed over the weekend.
GSK has been attempting to spin off the division for some time, and brought in former Tesco boss Sir
£ UNILEVER MAKES A PLAY: PAGE 6
CONTINUED FROM P1 GSK has batted away three bids for its consumer goods business from
Consumer goods and pharmaceutical giant GSK confirmed on Saturday that it received three unsolicited cash-andshare approaches from
The December approach comprised £41.7bn in cash and £8.3bn in
The offers emerge after chief executive
Walmsley has faced a series of high- profile run-ins with activist hedge fund Elliott in the past year who have questioned her position and backed a potential sale of the business.
The funds raised from any sale of the consumer arm, which is a joint venture with American pharmaceutical giant
A
The spokesperson added that there is "no certainty that any agreement will be reached."
The Financial Times reported that Walmsley said GSK would press ahead with plans to demerge and list the business as a separate entity led by GSK insider
(c) 2022 City A.M., source