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GSK to split after folding in Pfizer consumer unit

Wednesday, December 19, 2018, 7:56 PM

GlaxoSmithKline plans to split into two businesses one for prescription drugs and vaccines, the other for over-the-counter products after forming a new joint venture with Pfizer's consumer health division. In a bid to reassure investors of its financial strength, GSK extended its guarantee on the dividend by stating it expected to pay unchanged dividends of 80 pence per share for 2019.