Summary
SHOULD Boots dispense yet another weak trading statement for longsuffering shareholders on Thursday and move sharply south, a long queue of buyers are ready to take a punt on a Pounds 5.9bn, or Pounds 8a-share, cash bid from a leading private equity group materialising before the suntan lotion starts flying off the shelves.
Boots touched 632p and closed 11/2p dearer at 625p. It's been a disastrous 2004 so far for the firm. A weak Christmas trading statement in January was followed by a severe profit warning in March in response to a sharp reduction in top-line growth rates at the core retail business, Boots the Chemist.See the full content of this document
Extract
Boots Takes a Battering
Finance director Howard Dodd has since fallen on his sword and the group is currently trying to find a replacement number cruncher.
Meanwhile, chief executive Richard Baker has to contend with t...See the full content of this document
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