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Mukesh Ambani, Britain's Issa brothers face off in final battle for Boots

Issa brothers are going up against Mukesh Ambani, who's been working on a bid for the Boots drugstore chain together with buyout firm Apollo Global Management Inc

Photo: Bloomberg
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Photo: Bloomberg

Dinesh Nair, Ruth David and Baiju Kalesh | Bloomberg
Britain’s billionaire Issa brothers and Indian tycoon Mukesh Ambani are preparing to face off in the final battle for the Boots drugstore chain, one of the UK high street’s most recognizable names. 
 
The Issas are seen as the party to beat ahead of next week’s deadline for proposals, after they submitted the highest offer in the first round, people with knowledge of the matter said. The duo are going up against Ambani, who’s been working on a bid together with buyout firm Apollo Global Management Inc.

Bidders are now sizing up Boots’ billions in pension guarantees -- which they’ll have