KKR Resolves Boots Pension Issue

US private equity group KKR and Stefano Pessina, the executive chairman of Alliance Boots, have overcome a major hurdle in their Gbp11.1bn (US$22bn) purchase of the international health and beauty group.

They reached on Tuesday an agreement with the Boots' pension scheme trustees over the company's pension fund deficit.

After weeks of wrangling, AB Acquisitions