- Coca Cola (NYSE:KO) is mulling a £3B bid for GSK's (NYSE:GSK) soft-drink brand Horlicks, Telegraph says.
- Other potential bidders include Kraft Heinz (NASDAQ:KHC) and Nestle (OTCPK:NSRGY).
- Morgan Stanley (NYSE:MS) is advising GSK on the sale.
- On March 27, GSK said it was initiating a strategic review of Horlicks and other consumer nutrition products to help fund the buyout of Novartis's stake in its consumer-healthcare JV.
Coca Cola considering £3B bid for GSK's Horlicks
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Symbol | Last Price | % Chg |
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The Coca-Cola Company |