Unilever shares gain after opting not to lift bid for GSK assets
Shares in consumer goods giant Unilever inched roughly 2% higher on Thursday after it said late on Wednesday it would not raise its rejected 50 billion pound ($68 billion) offer for GlaxoSmithKline's consumer healthcare business.
Shares in GSK fell 1.5% after Unilever effectively ended its pursuit of a business that the pharmaceuticals company plans to spin off later this year.
Also Read: GSK rejects $68b Unilever bid for consumer healthcare unit
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