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GSK GSK plc

41.11
0.20 (0.49%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
GSK plc NYSE:GSK NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.20 0.49% 41.11 41.3125 40.87 40.95 2,730,464 01:00:00

Elliott Management Builds Significant Stake in GSK -FT

15/04/2021 2:21pm

Dow Jones News


GSK (NYSE:GSK)
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From Apr 2019 to Apr 2024

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--Hedge fund Elliott Management Corp. has amassed a multibillion-pound stake in British pharma company GlaxoSmithKline PLC, the Financial Times reports.

--Elliott's investment comes after shareholders' disappointment at the leadership of CEO Dame Emma Walmsley, who is breaking up the company starting next year by separating the consumer-health business and the vaccine division, according to the FT.

--GSK management is also being blamed for underperforming peers and lagging in the race to develop a Covid-19 vaccine, the FT reports.

--GSK shares are up 64.2 pence, or 5%, at 1,353.8 pence.

 

Full story: https://on.ft.com/3uK3MjU

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

April 15, 2021 09:06 ET (13:06 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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