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Activist Investor Urges GSK To Consider Consumer Healthcare Sale

 
• By Tom Gallen

Activist investor Elliot Management – which has built up a sizeable stake in GSK – is urging the UK-based pharma giant to remain open to offers for its Consumer Healthcare business and to consider both internal and external candidates for the leadership of the standalone unit. 

Investment (EM Karuna/Shutterstock.com)
• Source: Shutterstock

Activist hedge fund Elliott Management is calling on GlaxoSmithKline plc to listen to offers for its Consumer Healthcare business as an alternative to its plan to spin-off and list the business on the London Stock Exchange next year.

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