The following corporate finance-related stories were reported by media on Wednesday: * Insurance Australia Group (IAG), Australia's top home and car insurer, may purchase a stake in the general insurance unit of Malaysia's Kurnia Asia, the Star newspaper reported on Wednesday.* Private equity firm Thomas H. Lee Partners LP is in the lead to buy consumer-health assets from the world's No. 2 drugmaker GlaxoSmithKline Plc and a deal may be announced this week, Bloomberg reported citing two people familiar with the matter.
GlaxoSmithKline plc (GSK) is global healthcare group, which is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products. Shares of GSK traded higher by 0.4% or $0.18/share to $44.84. In the past year, the shares have traded as low as $36.28 and as high as $45.68. On average, 3004040 shares of GSK exchange hands on a given day and today's volume is recorded at 2594505.
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