Boots owner strikes $10bn takeover deal with US private equity giant

Boots is set to be sold to US private equity firm Sycamore Partners as part of a $10bn deal that will take its parent company, Walgreens Boots Alliance (WBA), private.
The transaction, expected to be completed by the end of 2025, raises significant questions about the future of Boots and its 1,900 stores across the UK.
Under the terms of the agreement, Sycamore will acquire WBA at $11.45 per share, an 8% premium on the company’s closing price. Although the deal primarily centres on WBA&rsq