Nestle is edging out Unilever in the final round of bidding for for GlaxoSmithKline’s consumer nutrition business in India, sources tell Economic Times. Coca-Cola is believed to have stepped out of the race.
The deal is said to include the Horlicks malt drink brand.
GSK has pushed the deadline for a final binding offer out a few days.
Shares of GlaxoSmithKline are up 1.0% in premarket trading.
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Date: November 26, 2018
Source: Seeking Alpha