UK - New entrant to begin battle for Boots?
Market sources suggest that German firm Celesio, a continental rival to the Alliance Boots pharmaceutical chain, has approached other buyout groups about the possibility of teaming up to launch a competing takeover bid for the listed UK retailer. Boots opened up its books to KKR on Friday following its £10bn offer after an earlier deal was rejected. Permira, CVC, Blackstone and Texas Pacific Group are amongst the names thought to be eyeing a rival bid for Boots with Celesio.
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