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Potential buyers may pay nearly $8.8 billion for the UK pharmacy chain.
By: Tom Branna
May 15, 2024
The Walgreens Boots Alliance is in the process of selling the UK-based drugstore chain—Boots. The Alliance initially explored selling Boots in 2022 but was abandoned because the company could not find a suitable buyer. According to Bloomberg, the Alliance is contacting possible bidders for early-stage discussions for a sale worth about $8.78 billion (7 billion pounds). A formal sale process has not yet started. Shares for the Walgreens Boots Alliance rose roughly 5% after Bloomberg announced the company was contacting potential buyers. Â
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