business news in context, analysis with attitude

• Published reports say that the board of directors at Alliance Boots has recommended to the company’s shareholders that they accept a bid for the company from private equity firm Kohlberg Kravis Roberts that is the equivalent of $20.6 billion (US).

• There are reports that Carrefour, the world’s second largest retailer, is preparing a bid to acquire Brazilian retail chain Atacadao for an estimated price tag that would be the equivalent of $1.3 billion (US).
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