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GSK greenlights HUL merger, Horlicks & Boost now in HUL's kitty

Dec 03, 2018 16:17 IST

The GlaxoSmithKline Consumer board today cleaderd the decks for a sale of their consumer division to Hindustan Unilever, thus adding nutrition to their portfolio with health drinks like Horlicks and Boost. The all-stock deal will see shareholders of GSK get 4.39 shares of HUL for every one GSK share held . The proposed transaction involves the merger of GSK India with HUL, following which GSK will own approximately 5.7% of Hindustan Unilever.

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