GSK May Look at Merger Options for Indian Unit -The Economic Times
May 24 2018 - 1:44AM
Dow Jones News
-- GlaxoSmithKline is considering a merger or share swap for its
Indian consumer products division, in order to avoid a potential
40% tax burden on the sale of its Horlicks brand, reports The
Economic Times, citing unnamed sources.
-- GSK could face a tax bill of at least $1.6 billion from a
direct sale of the brand, according to The Economic Times.
Full story: https://bit.ly/2s4LMCW
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(END) Dow Jones Newswires
May 24, 2018 01:29 ET (05:29 GMT)
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