GSK to drop Human Genome bid if poison pill stands
LONDON (Reuters) - GlaxoSmithKline said it would not proceed with its $2.6 billion offer for Human Genome Sciences unless the U.S. biotechnology company dropped a "poison pill" shareholder rights plan imposed to block the deal. Human Genome adopted the stockholder rights plan earlier this month in an attempt to ward off GSK in what is becoming an increasingly acrimonious battle between the companies that together sell new Lupus drug Benlysta. The British company is taking its $13-a-share offer direct to investors after Human Genome's board said it was inadequate. ...
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Yahoo: Science: GSK to drop Human Genome bid if poison pill stands
Date Listed : Friday, May 25, 2012
Source : Science News, Yahoo! News: Science News
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