KM Financial Solutions | UPDATE 1-GSK pulls out of $20 bln race for Pfizer assets
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UPDATE 1-GSK pulls out of $20 bln race for Pfizer assets

UPDATE 1-GSK pulls out of $20 bln race for Pfizer assets

LONDON, March 23 (Reuters) – GlaxoSmithKline has
withdrawn from the race to buy Pfizer’s consumer
healthcare business, the British drugs company said on Friday,
endangering an auction for an asset some said could fetch as
much as $20 billion.

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