Boots Suitors Raise Offer to Pounds 10 Billion

Evening Standard - London › April 02, 2007

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Summary

ALLIANCE BOOTS moved a step closer to private-equity ownership today after it agreed to open its books following an improved Pounds 10 billion takeover approach by US firm Kohlberg Kravis Roberts (KKR) and Italian billionaire Stefano Pessina.

The board of Alliance Boots granted deputy chairman Pessina and KKR "a limited period" to carry out due diligence following the 1040p a-share offer.

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Extract

Boots Suitors Raise Offer to Pounds 10 Billion

The revised offer came just weeks after Alliance Boots rejected a Pounds 9.7 billion takeover bid from Pessina and KKR. ...

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