Unilever in talks to acquire GSK’s nutrition unit, WSJ reports

Unilever (UL) is in discussions to acquire GlaxoSmithKline’s (GSK) nutrition unit, the Wall Street Journal reports, citing people familiar with the matter. If finalized, a transaction would end a monthslong auction process that also garnered interest from Nestle (NSRGY) and Coca-Cola (KO), the report says. Some analysts have indicated that the Horlicks brand, which is the centerpiece of GSK’s nutrition arm, could be valued at as much as $3B, the report notes.

https://thefly.com/landingPageNews.php?id=2828824