(Adds details from report)
LONDON, Jan 15 (Reuters) - Consumer goods giant Unilever
made a bid towards the end of last year for
pharmaceutical group Glaxosmithkline's consumer goods
business worth roughly 50 billion pounds ($68.4 billion),
Britain's Sunday Times reported.
GSK and Pfizer, which owns a minority stake in the
division, were understood to have rejected the offer on the
basis that it was too low, the newspaper said.
The approach by Unilever, which owns brands such as Dove
soap and Marmite, for Glaxo’s portfolio of household brands
including Panadol painkillers and Sensodyne toothpaste was
understood to have been unsolicited, it added.
Unilever's bid did not include any takeover premium or
recognition of synergies, the newspaper said.
It was not clear whether Unilever would make a higher offer
and talks were not thought to be live, it said.
Reuters has sought comment from the companies.
($1 = 0.7314 pounds)
(Reporting by Mrinmay Dey in Bengaluru; Writing by William
Schomberg; Editing by Mark Heinrich and Jan Harvey)