11-12-2024 08:00 via retailgazette.co.uk

Boots owner Walgreens explores $10bn sale to US private equity giant

Boots’ US owner Walgreens Boots Alliance (WBA), is reportedly in discussions with American private equity giant Sycamore Partners on a potential takeover, potentially triggering a fresh auction for the British high street giant.
A deal could value the health and beauty retailer at up to $10bn (£7.8bn).
The talks follow a steep decline in Walgreens’ share price, which has dropped from over $100bn in 2015 to just $7.5bn. News of the discussions, first reported by The Wall Street
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