Boots in store for $10bn sale as bid deadline looms

Boots in store for $10bn sale as bid deadline looms

Britain’s largest drugstore chain Boots has set a Feb. 24 deadline to receive indicative bids from a series of deep-pocketed investors that could value the 173-year old firm at up to $10bn, two sources told Reuters. The sale will see U.S. drugstore giant Walgreens,...
Tenneco being taken private in $7.1bn deal

Tenneco being taken private in $7.1bn deal

Automotive parts maker Tenneco is being taken private by funds managed by affiliates of private equity firm Apollo in an all-cash deal valued at about $7.1bn. The transaction includes the assumption of Tenneco’s debt. Apollo will pay $20 per Tenneco Inc. share,...