The Sale of Wellcome plc (A)

By Constance Bagley, Rakesh Khanna
1995 | Case No. CG2A
Describes the sale of Wellcome plc to GLAXCO p.l.c in 1995. Describes the process through which the Wellcome Trust, the largest stockholder of Wellcome plc and the world’s largest charitable trust, described whether to support a takeover bid by GLAXO p.l.c. that was opposed by the Board of Directors of Wellcome plc. Addresses the legal and strategic issues associated with the Wellcome Trust’s decision. This case is available for purchase from ECCH.

Learning Objective

Corporate Governance
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