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Suntory Beverage & Food Ltd To Buy GlaxoSmithKline's Drinks Brands-Reuters


Thursday, 5 Sep 2013 08:57am EDT 

Reuters reported that Suntory Beverage & Food Ltd is in advanced talks to buy GlaxoSmithKline's Lucozade and Ribena drinks for more than GBP1 billion ($1.6 billion), in a deal that would pre-empt an auction of the brands. A deal could be announced in the next few days. JP Morgan and Greenhill are acting for GSK on the disposal. Officials at GSK and Suntory declined to comment on the situation.