Sindh High Court approves merger of GSK Consumer Healthcare and GSK OTC

MG News | December 18, 2018 at 10:31 AM GMT+05:00

0:00

December 18, 2018 (MLN): The Sindh High Court has sanctioned the scheme of Merger and Acquisition between GlaxoSmithKline Consumer Healthcare Pakistan Limited and GlaxoSmithKline OTC (Private) Limited, a notification issued by the company revealed on Tuesday.

Pursuant to the order of the Sindh High Court, the notification said, GlaxoSmithKline OTC (Private) Limited stands merged with and into GlaxoSmithKline Consumer Healthcare Pakistan Limited in accordance with the scheme of arrangement.

“The merger would provide for enhanced market growth to GSK Consumer Healthcare by improved supply chain of its product to the consumer through a widespread distribution network” the scheme of M&A of both the parties stated.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	149,235.26 426.27M	-0.90% -1355.74
ALLSHR	91,914.06 1,061.36M	-0.83% -768.82
KSE30	45,506.80 200.54M	-0.79% -362.26
KMI30	212,203.18 253.33M	-0.49% -1038.52
KMIALLSHR	61,055.75 682.73M	-0.73% -450.88
BKTi	42,286.90 76.14M	-1.72% -738.87
OGTi	30,026.66 22.60M	0.08% 23.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	112,505.00	115,030.00 112,275.00	-1960.00 -1.71%
BRENT CRUDE	67.66	67.80 66.74	0.82 1.23%
RICHARDS BAY COAL MONTHLY	92.00	0.00 0.00	1.30 1.43%
ROTTERDAM COAL MONTHLY	100.70	100.70 100.30	-0.30 -0.30%
USD RBD PALM OLEIN	1,039.00	1,039.00 1,039.00	0.00 0.00%
CRUDE OIL - WTI	63.51	63.67 62.52	0.80 1.28%
SUGAR #11 WORLD	16.36	16.62 16.35	-0.21 -1.27%