Alliance Boots - Recommended acquisition by AB Acquisitions

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Slaughter and May is advising Alliance Boots in relation to its recommended acquisition by AB Acquisitions Limited at a price of 1,090 pence in cash for each Alliance Boots share, which values Alliance Boots at approximately £10.6 billion.

It is intended that the acquisition will be implemented by way of a scheme of arrangement under section 425 of the Companies Act.

AB Acquisitions is a company controlled by certain funds advised by Kohlberg Kravis Roberts and by Stefano Pessina.

UniCredit Markets & Investment Banking, JP Morgan Cazenove and Merrill Lynch are acting as lead financial advisers to AB Acquisitions. Goldman Sachs International is acting as lead financial adviser to Alliance Boots.

Frances Murphy (partner), Robert Stern (partner), Rebecca Cousin (associate); Emma–Louise Wilson (associate), Laura Shepperson (associate); Competition: Claire Jeffs (partner), Peter Rowland (associate); Pensions: Jonathan Fenn (partner); Share Options: Eddie Codrington (partner); Tax: Tony Beare (partner); Edward Denny (associate); Dispute Resolution: Clive Chalkley (associate)