GlaxoSmithKline slips on speculation of interest in US business

Discussion in 'Market News' started by Lily, Jun 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    US group Pacific Biosciences said to be in sights of pharmaceutical businesses

    GlaxoSmithKline could be on the acquisition trail in the US, according to City traders.

    Shares in US group Pacific Biosciences are 1.6% higher after speculation it could be the target of a $1.5bn bid, with GlaxoSmithKline and Roche among those mentioned as possible predators.

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