The owner of Ben & Jerry's wants to buy Aquafresh and Advil
CNN
Unilever is willing to pay big money for the company that makes products like Advil, Tums and Aquafresh toothpaste as it tries to revive its sluggish stock and ramp up its focus on health products.
GlaxoSmithKline (GLAXF) said over the weekend that it had received three "unsolicited" proposals from Unilever to acquire its consumer healthcare business, which it runs as a joint venture with Pfizer (PFE). The latest had a price tag of £50 billion ($68 billion).
GSK has rejected the offers, which it said were too low. It's planning to spin off the division later this year, under pressure from shareholders including hedge fund Elliott Investment Management.
Biden set to announce sweeping action shielding undocumented spouses of US citizens from deportation
President Joe Biden is preparing to announce sweeping executive action Tuesday that would shield select undocumented spouses of US citizens from deportation and allow them to work legally in the country as they seek citizenship, according to people familiar with the plans.