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Suntory Beverage & Foods Ltd. Buys GlaxoSmithKline’s Lacozade and Ribena Brands

Japan’s Suntory Beverage & Foods Ltd. has agreed to acquire, Lacozade and Ribena, two soft drink brands from GlaxoSmithKline Plc. (ADR) (NYSE: GSK) in a deal estimated at 1.35 billion pounds or $2.1 billion. The acquisition will allow Suntory, known for its beer and Yamazaki whisky, to beef up its product portfolio and gain traction [...]

September 9th, 2013 | Tags: | Category: Large Cap Growth Stocks | Leave a comment
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GlaxoSmithKline In Final Talks To Sell Locozade and Ribena

Japan’s Suntory Beverage & Food is in final round of talks with Britain’s leading drug maker, GlaxoSmithKline Plc. ADR (NYSE: GSK) to buy latter’s Locozade and Ribena drinks, said people familiar with the matter. These sources said that Suntory has offered more than 1 billion pounds (about $1.6 billion) to buy these brands. The deal [...]

September 6th, 2013 | Tags: | Category: Large Cap Growth Stocks | Leave a comment
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GlaxoSmithKline Extends Offer for Human Genome Sciences (GSK, HGSI)

GlaxoSmithKline (NYSE: GSK) has extended its $2.6 billion takeover offer for Human Genome Sciences (NASDAQ: HGSI) until the end of this month. The original tender period expired on June 7. GKS has now extended the tender period to June 29.

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June 9th, 2012 | Tags: , | Category: Large Cap Growth Stocks | Leave a comment

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