GlaxoSmithKline 'Eyes Boots Medicine Unit'

Pharmaceuticals giant GlaxoSmithKline (GSK) may put in a bid for Boots' healthcare business, the company has revealed. At its annual general meeting GSK chief Jean-Pierre Garnier said such a move would boost its current line of non-prescription medicines. Boots announced the planned sale of its Healthcare International unit in April. Analysts had suggested GSK could be a potential buyer, but also said they expected plenty of interest from private equity groups.

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