Bankers thirsty for juicy GlaxoSmithKline drinks deal

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Bankers thirsty for juicy GlaxoSmithKline drinks deal

LONDON (Reuters) - It took just 18 minutes for GlaxoSmithKline to get the first call from an investment banker offering to help the drugmaker dispose of its famous Lucozade and Ribena drinks. In fact, Britain's biggest drugmaker has not yet decided whether to sell either Lucozade or Ribena - but that did not stop bankers thirsty for a deal pitching in within minutes of news it was starting a "strategic review". Their eagerness reflects a view that GSK has two very saleable brands on its hands, which together could fetch $1. ...

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