Pharmacies Merger May Triggerpricewar

The HeraldOctober 03, 2005

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Summary


BOOTS and Alliance UniChem were reported to be finalising the creation of a GBP7bn pharmacy giant in a move that could lead to big savings for consumers on health and beauty products.

Details of the merger of the two FTSE-100 firms are expected to be announced today, including a GBP1bn cash sweetener to Boots shareholders.

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Extract


Pharmacies Merger May Triggerpricewar

The new company - to be called Alliance Boots - would control around 15-per cent of t...

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