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GSK GSK plc

38.76
0.13 (0.34%)
Pre Market
Last Updated: 09:10:08
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
  0.13 0.34% 38.76 1,701 09:10:08

GlaxoSmithKline Isn't Being Pressured Into Sale by Elliott -The Times

27/05/2021 6:41am

Dow Jones News


GSK (NYSE:GSK)
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--GlaxoSmithKline PLC won't be pushed into a sale of its vaccines and pharmaceuticals business by activist U.S. hedge fund Elliott Management, The Times of London reports.

--Elliott isn't planning to agitate for reducing the pharmaceutical giant's 5 billion-pound ($7.06 billion) research and development budget and will back GlaxoSmithKline staying in the U.K., The Times says.

--Speculation had been raised by investors and analysts over Elliott's intentions after it was discovered in April that the activist fund had acquired a multi-billion pound stake in the company, The Times reports.

 

Full story: https://bit.ly/3i05I4y

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 27, 2021 01:26 ET (05:26 GMT)

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

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