Bidder's delirium

20 April 2007 By John Foley

No sooner had the retailer s board recommended a 1090pashare offer from KKR, than a rival group led by Guy Hands jumped in with 1126p. Maybe Boots board was wrong to think KKR’s initial 1040p deserved its support. More likely, KKR and Hands have a case of bidder s delirium.

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