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Shares in British pharma group soar after bid approach
AFP   Monday, 12 March 2007

People walk past a Boots store in central London, October 2005. Shares in Alliance Boots were soaring as management at the British pharmacy chain mulled a takeover approach from the group's deputy chairman and US investment group KKR. Alliance Boots was created only last year following the merger of pharmacy chain Alliance UniChem and health and beauty retailer Boots.(AFP/File/Leon Neal)AFP - Shares in Alliance Boots soared on Monday as management at the British pharmacy chain mulled a takeover approach from the group's deputy chairman and US investment group KKR.
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