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Alliance Boots trustees consider legal action over proposed takeover

04 June 2007

The Alliance Boots pension fund trustees are considering legal action to block the proposed takeover by Kohlberg Kravis Roberts.

The trustees are understood to want a total contribution of £1bn whereas it is believed KKR is only willing to pay £900m.

KKR has agreed to meet the trustees in an attempt to thrash out a deal to ensure the smooth takeover of the healthcare company.

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