business news in context, analysis with attitude

• Published reports say that a consortium headed up by private equity firm Kohlberg Kravis Roberts (KKR) has succeeded in its effort to acquire UK-based Alliance Boots, for the equivalent of $22.12 billion (US). According to reports, KKR plans not to close any stores and institute any layoffs…and even wants to open new stores wherever appropriate, and even would like to expand the chain to Europe.

• The New York Times reports this morning that management at Wendy’s International is considering a possible sale of the company, following disappointing earnings reports for the first quarter.
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