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Article: Reckitt Benckiser buys Boots Healthcare for 1.9 billion pounds

Article from:
AP Worldstream
Article date:
October 7, 2005
Copyright

AP Worldstream
10-07-2005
Dateline: LONDON
Reckitt Benckiser PLC has agreed to buy the consumer healthcare division of Boots Group PLC for 1.9 billion pounds (euro2.8 billion; US$3.4 billion), the companies announced Friday.

The price for Boots Healthcare International was significantly higher than the 1.2 billion pounds (euro1.75 billion; US$2.1 billion) forecast by analysts.

Boots, which announced a merger with Alliance Unichem PLC on Monday, had put the Healthcare business up for sale in April after deciding it wanted to focus on the performance of its 1,400 U.K. outlets.

Reckitt Benckiser Chief Executive Bart Becht said the deal will add "three power brands" to the company's portfolio _ ...

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