Boots completes sale of Halfords

Boots now intends to return to shareholders the net proceeds of the sale through a share buy back programme. This is in addition to the £300 million buy back programme initiated in March 2002 and nearing completion.
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The EU cleared the CVC acquisation of Halfords last week.

Boots chief executive, Steve Russell said: "I believe the sale of Halfords has been a good deal for our shareholders. It has allowed us to return cash as we continue to refocus Boots, building on our core strengths in health and beauty."

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