|
|
 |
Network Journal 2007 Issue 3 May/June |
 |
Green light for Alliance Boots buyout
Shareholders at Alliance Boots have approved an £11.1bn buyout by private equity firm Kohlberg Kravis Roberts (KKR). The deal is likely to be concluded by July.
It is the first time a company in the top 100 of the FTSE has been bought by a private equity firm.
Talks over the pension fund, which has a current deficit of around £300m, will continue. The fund has 66,000 members, including 16,000 employees who are still making contributions.
Alliance Boots was formed last year following the merger of Boots and drug wholesale giant Alliance Unichem.
 Printer Friendly Page  Email to a Friend
|
|
