Friday, June 1, 2012

Reuters: Mergers News: CORRECTED-BRIEF-Human Genome Sciences rejects GSK's $13 per share offer

Reuters: Mergers News
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CORRECTED-BRIEF-Human Genome Sciences rejects GSK's $13 per share offer
Jun 1st 2012, 18:09

Fri Jun 1, 2012 2:09pm EDT

* Says HGS board of directors has rejected GSK's unsolicited $13.00 per share offer

* Says HGS board of directors recommends that HGS stockholders reject GSK's tender offer

* Says "concluding unanimously that the GSK offer is inadequate, does not reflect the value inherent in HGS"

* Exploration of strategic alternatives continues to be active and fully underway"

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