Boots To Divest OTC Business, Citing Market Consolidation
This article was originally published in The Tan Sheet
Executive Summary
Merger and acquisition activity in the OTC drug industry has prompted Boots the Chemists to put its healthcare unit up for sale
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Boots Healthcare International
Andrew Unitt is appointed Managing Director, effective Sept. 19. The exec has been Director of Finance since June 2002. Unitt joined Boots in 1995, working in various positions including Director of Finance for Do It All and Halfords. He replaces Paul Stoneham, who will "continue to assist Boots with the ongoing disposal process for BHI until then," the British company says. Boots announced plans to divest its OTC healthcare business earlier this year (1"The Tan Sheet" April 11, 2005, p. 13)...
Boots Healthcare International
Andrew Unitt is appointed Managing Director, effective Sept. 19. The exec has been Director of Finance since June 2002. Unitt joined Boots in 1995, working in various positions including Director of Finance for Do It All and Halfords. He replaces Paul Stoneham, who will "continue to assist Boots with the ongoing disposal process for BHI until then," the British company says. Boots announced plans to divest its OTC healthcare business earlier this year (1"The Tan Sheet" April 11, 2005, p. 13)...
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