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Coca Cola considering £3B bid for GSK's Horlicks

Jun. 17, 2018 12:39 AM ETThe Coca-Cola Company (KO) StockKO, GSK, MS, NSRGF, NSRGY, KHCBy: Eli Hoffmann, SA News Editor53 Comments
  • 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.

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