GlaxoSmithKline Mulls Separation of Consumer Division -- FT
July 20 2018 - 2:49PM
Dow Jones News
--GlaxoSmithKline Chairman Philip Hampton has talked to major
shareholders about possibly spinning off the company's consumer
division, the Financial Times reported Friday.
--The report said GSK's agreement to buy Novartis AG's stake in
a joint venture could help the prospects for a separation of the
consumer business.
--The potential spinoff could take place within two or three
years, the FT reported.
Full story at
https://www.ft.com/content/0013f5ae-7877-11e8-bc55-50daf11b720d
Write to copydesk@wsj.com
(END) Dow Jones Newswires
July 20, 2018 15:34 ET (19:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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