Boots speculation drives FTSE

Alliance Boots shares were trading above £10 today as investors suspected that bidder Stefano Pessina will need to increase his proposed offer price.

Boots speculation drives FTSE

Alliance Boots shares were trading above £10 (€14.7) today as investors suspected that bidder Stefano Pessina will need to increase his proposed offer price.

The stock peaked at 1003.5p, which is above the £10 (€14.7)indicated by Mr Pessina - the company’s deputy chairman – and Kohlberg Kravis Roberts on Friday.

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