Boots close to 100m Do It All sell-off

Article Abstract:

Boots' Do It All unit appeared poised on 6 July 1998 to be disposed of amid speculation that RMC is the favourite to purchase the UK-based do it yourself (DIY) business, which reported a GB 2.5mn operating profit. RMC, which owns DIY chain Great Mills, is understood to have submitted an offer worth approximately GB 100mn and such a move is viewed as logical given that Do It All has outlets across the UK while Great Mills' strength lies in the south east and west of England. Boots' sale is in line with its strategy of shutting the worst performing businesses down and making enhancements to the operations which it is looking to offload.

Comment:

Do It All unit appears poised on 7/6/98 to be disposed of amid speculation that RMC is the favorite to purchase the unit

Home Centers, Lumber & Bldg Materials, Retail, Ready-Mix Concrete, Ready-Mix Concrete Manufacturing, Home center stores, RMC Group PLC, Ready-mixed concrete, Boots, Do It All, Article

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Battle looms on the high seas as cruise giants forge 4bn pounds sterling merger

Article Abstract:

The merger of Royal Caribbean Cruise and P&O Princess will create a cruise line with 41 ships and 75,000 berths. Shareholders in P&O Princess will hold 50.7% of the equity of the new venture, provisionally named RCP Cruise Lines, while shareholders in Royal Caribbean will take the remaining 49.3%.

United States, Passenger Ships, Deep Sea Passenger Transportation, Water Transportation of Passengers, Cruise lines, Passenger vessels, Royal Caribbean Cruises Ltd., RCL, P&O Princess Cruises PLC

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UK: INTERCARE TO BUY MACARTHY FOR GB[pound] 82MN

Article Abstract:

Intercare, the pharmaceutical company, is to buy Macarthy for GB[pound] 82.6mn from private equity firm Cinven. Macarthy trades principally as Martindale Pharmaceuticals.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Ethical Preparations, Drugs and Druggists' Sundries Wholesalers, Professional & Commercial Equipment, Drugs, proprietaries, and sundries, Professional Equip & Supplies Whsle, Drugs, Cosmetics, Toiletries Whsle, Professional and Commercial Equipment and Supplies Wholesalers, Office equipment and supplies industry, Office equipment industry, Pharmaceutical industry, Drugs, Wholesale industry, Wholesale trade, Health products industry, Health care products industry, InterCare Inc., Macarthy PLC

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