Deal becomes effective from June 26
Alliance Boots's shares will be suspended on June 25 if the health and beauty retailer's shareholders vote to accept an£11.39 bid to take the business private.

The retailer posted a circular to its shareholders today outlining its recommendations for the£11.1 billion offer from AB Acquisitions - the bidding vehicle of Alliance Boots deputy chairman Stefano Pessina and private equity giant KKR.

The document contains a letter from Alliance Boots chairman Nigel Rudd and an explanatory statement from the company.

Shareholders will vote on whether to accept the proposal via a scheme of arrangement at a Court Meeting and Alliance Boots EGM on May 31. If subsequent special resolutions are passed by the court, the scheme will become effective on June 26.