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GlaxoSmithKline PLC - Brentford, England-based pharmaceuticals - Brian McNamara, chief executive officer of GSK Consumer Healthcare, sells 55,000 American Depositary Shares at USD44.99, worth USD2.5 million, in New York on Thursday. Each ADS represents two Glaxo ordinary shares. Back in July of last year, McNamara, who already headed the consumer business, a joint venture with Pfizer Inc, was appointed a CEO of the demerged company. Glaxo intends a listing for GSK Consumer Healthcare, having rejected three takeover offers for the business from Unilever PLC.
Current stock price: 1,615.38 pence, down 1.6% on Friday
12-month change: up 29%
By Tom Waite; thomaslwaite@alliancenews.com
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