Boots chairman ups stake amid $10bn Walgreens takeover deal

Boots chairman Stefan Pessina will increase his stake in the UK pharmacy group to nearly 50% amid the proposed £7.5bn takeover of the Walgreens Boots Alliance (WBA) by private equity firm Sycamore.
Pessina, who currently holds a 17% share in WBA, is expected to significantly increase his stake in the group, The Times reported.
Pessina’s plan to up his stake in the pharmacy group comes as details of Sycamore’s takeover are still being decided by advisors after the deal was first