Nestle and Anglo-Dutch consumer giant Unilever are pitted against each other in the final round of talks for GlaxoSmithKline’s consumer nutrition business which includes Horlicks, The Economic Times reported.
The third contender Coca-Cola has opted out of the competition, the report said citing three people aware of the development.
The bids are believed to be in the range of $3.1 – 3.5 billion and the winner will also have to launch an open offer to buy an additional 26 percent stake in the GSK Consumer Healthcare, the report said.
The deadline for the submission of the final bid offer has been extended by a few days. The earlier deadline was on November 17, the report added.
Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
10% discount on fare on Mumbai Metro lines 2 and 7A on May 20
May 3, 2024 2:40 PM
'Rahul Gandhi deserted Amethi due to fear of Smriti Irani': How BJP plans to puncture Congress' UP plan
May 3, 2024 1:12 PM