15th Apr 2021 12:59
(Alliance News) -Â Activist investor Elliot Management has taken a multi-billion-pound stake in pharmaceutical giant GlaxoSmithKline PLC, the Financial Times reported on Thursday.
The FT said Elliot's stake was confirmed by people with knowledge of the investment and is a "significant" position, according to one of them.
The newspaper reported that Elliot's investment comes as GSK shareholders have become disillusioned with the leadership of Chief Executive Emma Walmsley.
https://www.ft.com/content/c1d64eff-7cfb-4f73-9a48-45857640f9a9
By Lucy Heming;Â [email protected]
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