Scrutineer: Alliance Boots: Time to Take Off the Oven Gloves in This Conflicted Fight
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Summary
TRANSFORMATIONAL: the word has quite a ring to it. As well it might. This was the description used by Stefano Pessina, the Monaco- based billionaire founder of Alliance UniChem, to describe the GBP 7.8 billion nil-premium merger with high street giant Boots last year.
This was the tie-up that was to produce GBP 100 million of synergies, some GBP 60m of these in the first two years.See the full content of this document
Extract
Scrutineer: Alliance Boots: Time to Take Off the Oven Gloves in This Conflicted Fight
But just seven months into the merger, it is the same Pessina, executive deputy chairman of the combined group, who has now teamed up with KKR, the US private equity giant, to make an audaci...
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