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Form 6-K GLAXOSMITHKLINE PLC For: Dec 04

December 4, 2014 1:23 PM EST

FORM 6-K
SECURITIES AND EXCHANGE COMMISSION(
Washington D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of(
the Securities Exchange Act of 1934
For period ending�December 2014
GlaxoSmithKline plc
(Name of registrant)(

980 Great West Road, Brentford, Middlesex, TW8 9GS
(Address of principal executive offices)(

Indicate by check mark whether the registrant files or
will file annual reports under cover Form 20-F or Form 40-F(

Form 20-F x��� �Form 40-F(
--(
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.(

Yes����� No x
--

Issued: Thursday 4 December 2014, London UK - LSE Announcement


GSK statement on Established Products Portfolio

As announced at the Company's 2nd quarter results in July, GSK started a process to consider the divestment of certain North American and European brands in its Established Products Portfolio.

The Company has evaluated all bids received and has concluded, consistent with its key criteria of maximising shareholder value, not to pursue divestment of these products.

V A Whyte
Company Secretary
4 December 2014

GSK - one of the world's leading research-based pharmaceutical and healthcare companies - is committed to improving the quality of human life by enabling people to do more, feel better and live longer. For further information please visit www.gsk.com.



GSK enquiries:
UK Media enquiries:
David Mawdsley
+44 (0) 20 8047 5502
(London)
Simon Steel
+44 (0) 20 8047 5502
(London)
David Daley
+44 (0) 20 8047 5502
(London)
Catherine Hartley
+44 (0) 20 8047 5502
(London)
Sarah Spencer
+44 (0) 20 8047 5502
(London)
US Media enquiries:
Stephen Rea
+1 215 751 4394
(Philadelphia)
Melinda Stubbee
+1 919 483 2510
(North Carolina)
Mary Anne Rhyne
+1 919 483 0492
(North Carolina)
Sarah Alspach
+1 202 715 1048
(Washington)
Jennifer Armstrong
+1 215 751 5664
(Philadelphia)
Analyst/Investor enquiries:
Ziba Shamsi
+44 (0) 20 8047 5543
(London)
Tom Curry
+ 1 215 751 5419
(Philadelphia)
Gary Davies
+44 (0) 20 8047 5503
(London)
James Dodwell
+44 (0) 20 8047 2406
(London)
Jeff McLaughlin
+1 215 751 7002
(Philadelphia)


Cautionary statement regarding forward-looking statements
GSK cautions investors that any forward-looking statements or projections made by GSK, including those made in this announcement, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Such factors include, but are not limited to, those described under Item 3.D 'Risk factors' in the company's Annual Report on Form 20-F for 2013.


Registered in England & Wales:
No. 3888792


Registered Office:
980 Great West Road
Brentford, Middlesex
TW8 9GS


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.(


GlaxoSmithKline plc
(Registrant)(

Date:�December�04,�2014�
By:�VICTORIA WHYTE
----------------------
Victoria�Whyte
Authorised Signatory for and on
behalf of GlaxoSmithKline plc



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