Coca-Cola preparing $4bn offer for GSK’s Horlicks

The British daily The Telegraph yesterday reported that Coca-Cola Co is about to submit a multi-billion offer for GlaxoSmithKline’s Horlicks Ltd. Horlicks is part of GSK group and produces malted energy drinks. It is worth at least $4bn, analysts say. Additionally, Coca-Cola Co some days ago acquired the coffee shop chain Costa for GBP3.9bn.

(Source: The Telegraph)