Alliance Boots has received a revised cash proposal from KKR and deputy chairman Stefano Pessina of 1,040p-per-share, the group said in a statement on Friday. The group also said it would allow its suitors a limited period to examine its books.

The offer represents a premium of 16.5p on Thursday’s closing price in London. KKR and Pessina previously offered 1,000p per share in cash.

This entry was posted by Stacy-Marie Ishmael on Friday, March 30th, 2007 at 7:16 and is filed under M&A, Private equity. Tagged with alliance boots, kkr. Edit this entry.