GSK Completely Exits Sensodyne Toothpaste Maker Haleon In $1.6B Sale

GSK plc (NYSE:GSK) confirmed the sale of 385.3 million shares in Haleon plc (NYSE:HLN) for $1.58 billion.

The shares represented around 4.2% of the issued share capital of Haleon.

Following the settlement of the placing, GSK will have fully exited its position and will no longer hold any ordinary shares in Haleon. 

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Following the demerger and premium listing of Haleon in July 2022, GSK initially retained a 12.94% stake in Haleon. 

As a result of the disposals, GSK has sold 1.19 billion shares in Haleon for cumulative gross proceeds.

In October, GSK raised $1.1 billion, or £885.6 million, by selling some of its shares in Haleon, reducing its stake in the consumer healthcare business to around 7.4%.

In May, GSK sold 240 million shares of Haleon in a move that has raised 804 million pounds for the firm. The offloaded shares are equivalent to up to 2.5% of Haleon's issued share capital.

In March, Pfizer Inc (NYSE:PFE) announced plans to reduce its stake in Haleon to approximately 24%.

Price Action: HLN shares are up 0.60% at $8.41 during the premarket session at last check Friday.

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