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GSK Remains Open To Consumer Healthcare Sale As It Prepares To Name CEO

 
• By Tom Gallen

Responding directly to a call from an activist investor to consider selling Consumer Healthcare, GSK says it will evaluate any acquisition proposals it receives. A six-month long process to appoint a CEO to lead the new standalone OTC business is also nearing its conclusion.

GlaxoSmithKline
• Source: GSK

GlaxoSmithKline plc has insisted it remains open to selling its Consumer Healthcare business after a major investor called into question the firm’s plan to spin-off and list the unit.

Activist hedge fund Elliott Management recently wrote to the UK-based pharma giant’s board of directors arguing that the sale of Consumer Healthcare, rather than GSK’s demerger

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