UK - Terra Firma/Wellcome Trust to access Boots books
It is reported that Terra Firma, working in association with Wellcome Trust, are inches away from making an indicative offer for Alliance Boots, and being granted access to its books. The UK chemist and retailer, formed by a £7bn merger in 2006, is the latest FTSE company to be at the centre of a private equity bidding war. Currently KKR is performing due diligence on the company following the Boots' board's recommendation of its £10.1bn offer.
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