Market intelligence, trend analysis and forecasts for the Pharma and Healthcare industries across the regions

Companies / United Kingdom

Alliance Boots Targeted For Takeover?

March 2007 | Company Finance Alert

UK retailer Alliance Boots is reportedly the target of a GBP9.7bn (US$18.84bn) bid from deputy chairman Stefano Pessina, backed by private equity firm Kohlberg Kravis Roberts (KKR). Pessina - who founded European wholesaler Alliance Unichem - has made a 'friendly approach' for Alliance Boots, in which he already has a 15% stake.

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