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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly)
PFE 25.72+0.7%2:24 PM EST

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To: Anthony Wong who wrote (640)8/17/1998 5:47:00 AM
From: Anthony Wong  Read Replies (2) of 1722
 
Glaxo Wellcome Merger With Smithkline Beecham 'Back On'
Monday August 17, 7:27 AM

Glaxo Wellcome will merge with SmithKline Beecham in a œ105 billion deal and create the world's third largest company, industry sources said today.

The sources claimed the pharmaceutical groups would come together and that it was only a question of time.

The move is expected to delight the City after SmithKline Beecham called off talks earlier this year when the proposed union with Glaxo Wellcome turned into a takeover.

yahoo.co.uk
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