BUZZ-GlaxoSmithKline: gains as Pfizer bid talk resurfaces
** GlaxoSmithKline (Other OTC: GLAXF - news) up 3.4 pct in decent volume as talk resurfaces in newspaper market reports that Pfizer might bid for the British drugmaker (£19-a-share cash offer), after failing to win AstraZeneca (NYSE: AZN - news) last year
** (Link:http://bit.ly/1hkxgyY) (Link:http://bit.ly/1Nc7x5V)
** Pfizer (NYSE: PFE - news) spokesman says company doesn't comment on market speculation and rumour
** Idea of a Pfizer move on GSK first mooted by Berenberg Bank last August, with Deutsche Bank (Xetra: 514000 - news) outlining merits of creating "PfizerKline" in research note in May
** Despite Pfizer's readiness to do deals, scepticism remains high given likely political resistance to takeover of Britain's biggest pharmaceutical company
** GSK third-top riser on FTSE 100 & most actively traded stock on the index, with nearly all of its 90-day daily avg having gone through c.3 hours before the close
(RM (LSE: RM.L - news) : ben.hirschler.thomsonreuters.com@reuters.net)