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Lloyds Chemists shareholders wait for bidders to battle it out

Shareholders in the Lloyds Chemists group are waiting to see which of its two bidders will up the stakes for control of the chain.

Both Unichem and Gehe have bid £650m for the company. The Lloyds board has told shareholders they will benefit more if the company is taken over by either bidder, than if it remains independent.

  • Telegraph 20/11/96 page 31
  • Financial Times 20/11/96 page 23
  • Times 20/11/96 page 32

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