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Amarin Corporation plc Message Board

  • zpiony zpiony Sep 9, 2013 5:07 AM Flag

    GSK to get $2.11bn from the sale of Lucozade and Ribena

    Japan's SunJapan's Suntory Beverage & Food Ltd is to buy GlaxoSmithKline Plc's Lucozade and Ribena brands for 1.35 billion pounds ($2.11 billion) to broaden its soft drinks portfolio and help it expand into new markets.tory Beverage & Food Ltd is to buy GlaxoSmithKline Plc's Lucozade and Ribena brands for 1.35 billion pounds ($2.11 billion) to broaden its soft drinks portfolio and help it expand into new markets.

    The sale will yield net proceeds of around 1.3 billion pounds, after tax, fees and costs, that will be used to reduce debt and for general corporate purposes.

    Although the readthrough for AMRN is not straightforward, yet lower leverage at GSK could enable it to..........

    Sentiment: Hold

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