GSK Gets Renewed Invitation to Human Genome Sciences Strategic Review

06/15/2012| 10:28am US/Eastern

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LONDON--Pharmaceutical company GlaxoSmithKline PLC (>> GlaxoSmithKline plc) Friday confirmed that it has received a renewed invitation from Human Genome Sciences (>> Human Genome Sciences) to participate in its strategic alternatives review process which started in April, and said it is continuing with its tender for the company.

MAIN FACTS:

-GSK continues to believe that participation in the process is unnecessary given the company's offer is not conditioned on due diligence or financing and can be completed expeditiously.

-Shares at 1405 GMT down 0.7%, at 1,449 pence valuing the company at GBP72.6 billion.

-Write to Ed Ballard at ed.ballard@dowjones.com

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