Marmite-owner Unilever makes three bids for GSK consumer goods arm

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Glaxo Smith Kline rejected three offers, saying they “undervalued” its consumer goods business. …

Some will say if higher growth and greater cost reductions are possible, why haven’t they happened already? Emma Walmsley has been in charge for more than four years. That’s one of the questions activist shareholder Elliot Management has implicitly asked by encouraging other shareholders to agitate for a more radical greater break up of one of the UK’s most valuable companies.

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