(Reuters) - Take the case of British pharmacy chain Alliance Boots , which is the subject of a bidding war that will be Europe's biggest ever LBO if completed.
The credit derivatives market initially took fright at the approach by Kohlberg Kravis Roberts and Alliance Boots deputy chairman Stefano Pessina, pushing the cost of insuring the company's debt against default up from the low 30s basis points to a range of 150-190 basis points.
Read more at Reuters.com Mergers News
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