Pharmacy merger 'set to be unveiled'

Boots and Alliance UniChem were said today to be finalising the creation of a £7bn (€10.3bn) pharmacy giant as fears grew that a deal could result in job losses.

Pharmacy merger 'set to be unveiled'
Sun, 02 Oct, 2005 - 13:05

Boots and Alliance UniChem were said today to be finalising the creation of a £7bn (€10.3bn) pharmacy giant as fears grew that a deal could result in job losses.

Details of the merger of the two FTSE 100 firms are expected to be announced tomorrow morning and could include a £1bn (€1.5bn) cash sweetener to Boots shareholders.

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