GlaxoSmithKline has £1.6bn offer rejected

Drugs giant GlaxoSmithKline said it was disappointed that an offer worth £1.6bn (€1.94bn) for US-based Human Genome Sciences (HGS) has been rejected.

GlaxoSmithKline has £1.6bn offer rejected
Thu, 19 Apr, 2012 - 15:47

Drugs giant GlaxoSmithKline said it was disappointed that an offer worth £1.6bn (€1.94bn) for US-based Human Genome Sciences (HGS) has been rejected.

Despite an 81% premium to its Wednesday share price, HGS said the move undervalued its business.

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