Monday, April 23, 2007

UPDATE 2-KKR ups Alliance Boots bid to 1,139 pence a share

(Reuters) - LONDON, April 24 - A consortium led by private equity firm Kohlberg, Kravis Roberts has upped the stakes in a bid battle for Alliance Boots , raising its offer to 1,139 pence per share after buying 49.7 million shares at that price.

The new cash price -- in what would be Europe's biggest leveraged buyout -- trumped an indicative offer from British buyout rival Terra Firma [TERA.UL].


Read more at Reuters.com Bonds News

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