yesterdays shareprice rise

bottom fishing or those in the know at work?????????

By Trista Kelley

May 7 (Bloomberg) -- GlaxoSmithKline Plc Chief Executive Officer Andrew Witty plans to announce two small acquisitions soon, after walking away from five potential purchases or partnerships since October.

Weve done very few deals between October last year and the last couple of weeks because we saw a number of companies, but we couldnt get to a price that made sense for our shareholders, Witty said. Im not going to overpay for these companies. Weve walked away from five. The company is working on one or two others that youll hear about soon enough.

http://www.businessweek.com/news/2010-05-07/glaxo-plans-two-deals-as-competition-pushes-prices-up-update2-.html