J.P. Morgan and Citicorp are among the nine banks lending $1.43 billion apiece to support Glaxo Holding's bid for Wellcome PLC.

The British giant, bidding to surpass Merck & Co. as the world's largest pharmaceutical company, offered $14.1 billion for Wellcome last week. With options, the deal could be valued as high as $14.9 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.