KKR closer to winning bid battle for Alliance Boots
April 26, 2007, 6:35 am
Filed under: International Company News
Filed under: International Company News
Kohlberg Kravis Roberts (KKR) yesterday moved closer to winning a $22 billion (R155 billion) bid battle for Alliance Boots by raising its agreed offer by 4.5 percent and securing a quarter of the company’s shares.
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Court okays Bain’s takeover of Edcon
April 26, 2007, 6:33 am
Filed under: Local Company News
Filed under: Local Company News
The high court had ruled that Bain Capital could proceed with its plans to buy clothing retailer Edgars Consolidated Stores (Edcon) for R25 billion, the company said yesterday.
Pick ‘n Pay phases in centralised distribution
April 26, 2007, 6:31 am
Filed under: Local Company News
Filed under: Local Company News
Pick ‘n Pay Stores will start a phased centralisation of supply distribution in a move to boost profit, making it the last supermarket group to commit to a streamlined store delivery system.
Pick ‘n Pay says no to private equity route
April 26, 2007, 6:29 am
Filed under: Local Company News
Filed under: Local Company News
Raymond Ackerman, the chairman and founder of Pick ‘n Pay Stores, has rejected offers from three private equity firms wanting to buy the company.
