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Stock impact report

UPDATE 1-GlaxoSmithKline considers splitting up the group - FT [Reuters (UK)]

GSK plc American Depositary Shares (Each representing two Ordinary Shares) (GSK) 
US:NYSE Investor Relations: gsk.com/en-gb/investors
Company Research Source: Reuters
GlaxoSmithKline considers splitting up the group: FT | Reuters Reuters Staff 2 Min Read (Reuters) - GlaxoSmithKline Plc ( GSK.L ) is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported on Friday. GSK Chairman Philip Hampton has been in discussions with the group's biggest shareholders about the creation of a standalone pharma and vaccines company in the medium term, the FT reported, citing sources. The move could happen within two or three years, the report said. on.ft.com/2mwBuYT One of the company’s top ten shareholders, whom the FT did not name, acknowledged having conversations with the GSK chairman, adding that shareholders “don’t quite believe in the company.” Some investors have long called for the group’s break-up, arguing that it would crystallize value for component businesses and that there are limited synergies between consumer and pharma. A GSK spokesman said the group’s priorit Show less Read more
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