The health and beauty giant’s value has soared beyond £1 billion following news that it’s deputy chairman was putting together a £10 a share bid.
Stefano Pessina, who founded the Alliance Unichem business that merged with Boots last year, is backed by the same consortium, Kohlberg Kravis Roberts (KKR), considering a £10bn bid for J Sainsbury.
Pessina is the group's largest shareholder with a 15% stake in the company, which operates 2,600 UK pharmacies.
The combined company has been occupied with integrating the two organisations’ very different IT infrastructures, that saw it come in at number 75 of MIS/CIO’s top 100 IT users in the UK last year.
At the time Boots IT director Rob Fraser said the merger would be the big focus of its IT strategy over the next 12 months. Boots is a SAP software house, a veteran of EPoS and loyalty card scheme implementations and outsources its IT. Alliance UniChem runs in-house largely IT based supply chain software from Manhattan Associates’.