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Boots/Alliance merger will be completed through scheme of arrangement

Boots and Alliance UniChem plan to complete their merger through a scheme of arrangement to save money for shareholders, Richard Baker, chief executive of Boots, says.

Shareholders will vote on the agreement at an extraordinary meeting in early July.

The merger will result in a chain of more than 2,500 stores and a wholesale business serving 88,000 chemists across 11 countries.

References: Financial Times 19/05/06 page 18, The Times 19/05/06 page 50 (Need to know), page 56, The Daily Telegraph 19/05/06 page B5, The Guardian 19/05/06 page 31, The Independent 19/05/06 page 43, page 45 (Ou

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