(Reuters) - The offer from Kohlberg Kravis Roberts [KKR.UL] and
Alliance Boots Deputy Chairman Stefano Pessina, whose 11.1
billion-pound offer was voted through on Thursday, would
provide the retirement scheme with 600 million pounds in cash
in the event that the firm gets into financial difficulty in
future, in addition to the upfront injection, one of the
sources told Reuters.
Boots' pension fund showed a surplus of 20 million pounds
last year but the trustees have estimated the size of the
scheme's deficit on a self-sufficiency basis -- a measure that
assumes no further contributions -- to be around 1 billion
pounds.
Read more at Reuters.com Bonds News
Alliance Boots Deputy Chairman Stefano Pessina, whose 11.1
billion-pound offer was voted through on Thursday, would
provide the retirement scheme with 600 million pounds in cash
in the event that the firm gets into financial difficulty in
future, in addition to the upfront injection, one of the
sources told Reuters.
Boots' pension fund showed a surplus of 20 million pounds
last year but the trustees have estimated the size of the
scheme's deficit on a self-sufficiency basis -- a measure that
assumes no further contributions -- to be around 1 billion
pounds.
Read more at Reuters.com Bonds News
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