The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,653.00
Bid: 1,654.00
Ask: 1,654.50
Change: 12.50 (0.76%)
Spread: 0.50 (0.03%)
Open: 1,638.50
High: 1,655.50
Low: 1,634.00
Prev. Close: 1,640.50
GSK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

CORRECTED-EU mergers and takeovers (Dec 1)

Mon, 01st Dec 2014 21:53

(Corrects deadline for Chiquita takeover to Jan. 7 from Dec. 7)

BRUSSELS, Dec 1 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- U.S. medical device maker Medtronic Inc toacquire Irish peer Covidien (approved Nov. 28)

NEW LISTINGS

-- Swiss drugmaker Novartis to acquire Britishpeer GlaxoSmithKline's oncology products (notified Nov.28/deadline Jan. 14)

-- British drugmaker GlaxoSmithKline to acquireNovartis' vaccines business, excluding Flu, and thesettting up of a consumer healthcare joint venture (notifiedNov. 28/deadline Jan. 14)

-- Generic drugmaker Mylan Inc to purchase AbbotLaboratories' specialty and branded generics business outsidethe United States (notified Nov. 28/deadline Jan. 14)

-- PRS for Music Ltd (PRSfM), Foreningen Svenska TonsattaresInternationella Mysikbyra (Stim) and Gesellschaft fürmusikalische Aufführungs- und mechanischeVervielfältigungsrechte (Gema) to set up a joint venture toadminister mechanical and performing rights (notified Nov.28/deadline Jan. 14)

-- Czech energy group Energeticky a Prumyslovy Holding (EPH)to acquire the Eggborough British coal-fired power plant fromEggborough Power Ltd (notified Nov. 28/deadline Jan.14/simplified)

-- Private equity firm CVC Capital Partners toacquire Dutch cable and wires producer Betafence Holding NV(notified Nov. 28/deadline Jan. 14/simplified)

-- Wood products retailer Oji Holdings andpetroleum products retailer Itochu Enex Co. Ltd to setup two joint ventures in Japan (notified Nov. 27/deadline Jan.13/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

DEC 1

-- Mondelez International Inc and competitor D.EMaster Blenders to merge their coffee businesses innew company called Jacobs Douwe Egberts (notified Oct.27/deadline Dec. 1)

-- Oil major BP to acquire jet fuel business StatoilFuel and Retail Aviation (notified Oct. 27/deadline Dec. 1)

DEC 4

-- French telecoms operator Orange to acquireSpanish provider Jazztel (notified Oct. 16/deadlineextended to Dec. 4 from Nov. 20 after the Spanish competitionauthority asked to review the case/commitments submitted on Nov.13)

DEC 5

-- Malaysian palm oil producer Sime Darby Bhd toacquire New Britain Palm Oil Ltd (notified Oct.31/deadline Dec. 5/simplified

DEC 9

-- U.S. healthcare information company IMS Health toacquire certain businesses from French healthcare softwareprovider Cegedim (notified Nov. 4/deadline Dec. 9)

DEC 10

-- Santander Consumer Finance, part of Spanish bankSantander, and French car maker Peugeot S.A. (PSA) toset up a series of joint finance companies (notified Nov.5/deadline Dec. 10)

DEC 11

-- Mining groups Anglo American and BHP Billiton to acquire joint control of manganese minerSamancor which is now solely controlled by BHP Billiton(notified Nov. 6/deadline Dec. 11/simplified)

-- Oil giant Saudi Aramco to buy a minority stake in SouthKorean refiner S-Oil Corp from Hanjin Group (notified Nov. 6/deadline Dec. 11/simplified)

DEC 12

-- U.S. investment management firm Varder Partners toacquire 51 percent of Spanish bank Popular's creditcard business (notified Nov. 14/deadline Dec. 12/simplified)

-- Privately-held Czech airline Travel Service to take a 34percent stake in national carrier Czech Airlines (notified Nov.14/deadline Dec. 12

DEC 15

-- Oil major BP to acquire jet fuel business StatoilFuel and Retail Aviation (notified Oct. 27/deadline extended toDec. 15 from Dec. 1 after the companies offered concessions)

-- Mondelez International Inc and competitor D.EMaster Blenders to merge their coffee businesses innew company called Jacobs Douwe Egberts (notified Oct.27/deadline extended to Dec. 15 from Dec. 1 after the companiesoffered concessions)

-- Aerospace group Airbus and Singapore Airlines to jointly acquire Airbus Asia Training Centre(notified Nov. 10/deadline Dec. 15/simplified)

-- France's Lafarge and Swiss peer Holcim to merge (notified with commitments on Oct.27/deadline Dec. 15)

DEC 16

-- Private equity firms Blackstone and TPG to jointlyacquire British mortgage lender Kensington Group plc (notifiedNov. 11/deadline Dec. 16/simplified)

DEC 17

-- Private equity firm 3i to acquire Diamond Holding GmbHfrom German jewellery retailer Group Christ Juweliere undUnrmacher Seit (notified Nov. 12/deadline Dec. 17/simplified)

DEC 18

-- ReAssure to acquire HSBC's pensionsmanufacturing business (notified Nov. 13/deadline Dec.18/simplified)

DEC 19

-- Private equity firm CCMP Capital to acquire joint controlof chemicals producer PQ Holdings Inc which is now jointlycontrolled by INEOS and private equity group The Carlyle GroupLP (notified Nov. 14/deadline Dec. 19/simplified)

-- Czech state-owned holding company Cesky Aeroholding andprivately-owned low-cost Czech carrier Travel Service to jointlyacquire Czech Airlines (notified Nov. 14/deadline Dec. 19)

-- Private equity firm EQT to acquire German engineeringgroups Siemens's hearing-aids business (notified Nov.14/deadline Dec. 19/simplified)

-- CCMP Capital to acquire 47 percent stake in PQ Corp fromCarlyle Group (notified Nov. 14/deadline Dec.19/simplified)

-- Yanfeng Automotive Trim Systems, a subsidiary of China'sbiggest automaker SAIC Motor Corp., to acquire Johnson Control's auto interiors business (notified Nov. 14/deadline Dec.19/simplified)

DEC 23

-- U.S. company IBM to take over German airlineLufthansa's information technology infrastructureservices division and staff for 1 billion euros (notified Nov.18/deadline Dec. 23)

JAN 5

-- Norwegian telecoms firm Telenor to form a jointventure with media company Schibsted, South Africa'sNaspers and Singapore Press Holdings (notified Nov. 19/deadline Jan. 5/simplified)

JAN 6

-- French holding company Eurazeo and GroupeCredit Agricole to jointly acquire two buildingcomplexes SCI Lafayette and SCI Stratege (notified Nov.20/deadline Jan. 6/simplified)

-- Hong Kong conglomerate Cheung Kong to formjoint venture with Mitsubishi Corp's leasing arm MCAviation Partners (notified Nov. 20/deadline Jan. 6/simplified)

JAN 7

-- Brazilian juice maker Grupo Cutrale and investment firmSafra Group to jointly acquire U.S. banana producer Chiquita (notified Nov. 21/deadline Jan. 7/simplified)

JAN 8

-- Dutch investment firm SHV to acquire Dutch animal feedand nutrition company Nutreco (notified Nov.24/deadline Jan. 8/simplified)

-- Norwegian media group Schibsted and Norwegiantelecoms operator Telenor to set up a jointventure(notified Nov. 25/deadline Jan. 8/simplified)

-- Investment firm Apollo Management to acquire Italianinsurer Carige (notified Nov. 24/deadline Jan. 8/simplified)

FEB 5

-- Belgian telecoms group Telenet to acquire 50percent stake in Belgian broadcasting company De Vijver Media(notified Aug. 18/deadline extended for the second time to March5 from Feb. 5)

MARCH 5

-- Belgian telecoms group Telenet, which is asubsidiary of U.S. cable group Liberty Global, toacquire 50 percent stake in Belgian broadcasting company DeVijver Media (notified Aug. 18/deadline extended for the secondtime to March 5 from Feb. 5/companies submitted concessions onNov. 24)

MARCH 18

-- U.S. orthopaedic products maker Zimmer Holdings to acquire rival Biomet Inc (notified Aug.29/deadline extended for the third time to March 18 from March11)

APRIL 22

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility DEPA (notified Oct. 1/deadline extended for the secondtime to April 22 from March 23)

GUIDE TO EU MERGER PROCESS

DEADLINES:

The European Commission has 25 working days after a deal is filed for a first-stage review. It may extend that by 10 workingdays to 35 working days, to consider either a company's proposedremedies or an EU member state's request to handle the case.

Most mergers win approval but occasionally the Commission opens a detailed second-stage investigation for up to 90 additional working days, which it may extend to 105 working days.

SIMPLIFIED:

Under the simplified procedure, the Commission announces theclearance of uncontroversial first-stage mergers without givingany reason for its decision. Cases may be reclassified asnon-simplified -- that is, ordinary first-stage reviews -- untilthey are approved. (Editing by Foo Yun Chee)

More News
12 Feb 2024 07:50

LONDON BRIEFING: Tritax Big Box, UK Commercial Property agree merger

(Alliance News) - Equities in London are called to open higher on Monday, with inflation readings from the US and UK on the horizon, which could drive equity market sentiment during the remainder of the week.

Read more
12 Feb 2024 07:21

GSK gets FDA fast track for chronic hepatitis B treatment

(Sharecast News) - GSK announced on Monday that bepirovirsen, an investigational antisense oligonucleotide (ASO) aimed at treating chronic hepatitis B (CHB), had been granted fast track designation by the US Food and Drug Administration (FDA).

Read more
9 Feb 2024 09:15

LONDON BROKER RATINGS: Deutsche Bank cuts AstraZeneca to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
6 Feb 2024 08:51

TOP NEWS: GSK reports positive news on trio of high profile products

(Alliance News) - GSK PLC on Tuesday delivered a triple dose of positive updates on some of its leading products, Arexvy, Shingrix and Blencep.

Read more
6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

Read more
6 Feb 2024 07:23

GSK reports positive myeloma trial results, progresses vaccine applications

(Sharecast News) - GSK reported progress in its trial of a myeloma treatment on Tuesday, as well as regulatory progress around its shingles vaccine in China and its RSV vaccine in the United States.

Read more
1 Feb 2024 09:27

TOP NEWS: GSK maintains "vigorous" defence after settling Zantac case

(Alliance News) - GSK PLC on Thursday insisted upon its scientific integrity, after reaching another settlement in ongoing litigation over alleged links between its heartburn drug and cancer.

Read more
1 Feb 2024 09:11

GSK settles Zantac case in California without admitting liability

(Sharecast News) - GSK announced on Thursday that it had reached a confidential settlement to effectively resolve the legal case over Zantac filed in a California state court.

Read more
1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
1 Feb 2024 07:42

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision.

Read more
31 Jan 2024 17:05

LONDON MARKET CLOSE: Stocks mixed hours before expected US Fed hold

(Alliance News) - Stock prices in London closed mixed on Wednesday in a trade-thinned day ahead of the US Federal Reserve interest rate decision this evening.

Read more
31 Jan 2024 15:49

London close: Stocks mixed ahead of US Fed, BoE decisions

(Sharecast News) - London's financial markets finished with mixed performance on Wednesday, with investors closing their wallets ahead of rate announcements from both the US Federal Reserve and the Bank of England.

Read more
31 Jan 2024 12:05

LONDON MARKET MIDDAY: FTSE 100 flat ahead of Federal Reserve decision

(Alliance News) - The FTSE 100 in London was flat heading into Wednesday afternoon, as the US Federal Reserve's latest interest rate decision edges closer, keeping equity market enthusiasm to a minimum.

Read more
31 Jan 2024 09:13

TOP NEWS: GSK profit up on Arexvy boost in 2023 but total payout down

(Alliance News) - GSK PLC reported an increase in profit and revenue for 2023 as revenue for HIV medicine had stable growth, amid optimism in the company's outlook.

Read more
31 Jan 2024 08:55

LONDON MARKET OPEN: Stocks lack direction ahead of Fed, BoE

(Alliance News) - Stock prices in London lacked direction at the open on Wednesday, as investors nervously look ahead to interest rate decisions from the US Federal Reserve and Bank of England.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.