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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 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
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(END) Dow Jones Newswires
May 27, 2021 01:26 ET (05:26 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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