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Boots Splits Off From Walgreens After Private Equity Takeover

Blazing Star Merger Sub, Inc. received tenders for multiple Walgreens senior notes totaling billions, contingent on completing the Walgreens Boots Alliance acquisition via merger.

  • Blazing Star Merger Sub, Inc. announced final results as of 5:00 p.m. on Aug. 27, 2025, for cash tender offers and consent solicitation covering multiple Walgreens Boots Alliance, Inc. and Walgreen Co. senior notes.
  • Because the transaction is merger-driven, the Tender Offer and Consent Solicitation are expressly conditioned on the substantially concurrent closing under the Merger Agreement dated March 6, 2025.
  • According to the Depositary's tally at expiration, Blazing Star Merger Sub, Inc. reported GBP 266,391,000 tendered of the GBP 300,000,000 3.600% senior notes due 2025 and EUR 692,780,000 tendered of the EUR 750,000,000 2.125% senior notes due 2026.
  • Settlement is expected on August 28, 2025, with Citigroup Global Markets Inc. acting as Dealer Manager and Global Bondholder Services Corporation as Depositary and Information Agent.
  • The release cautions that it contains forward-looking statements under federal securities laws, which involve risks and uncertainties and speak only as of the date made; Blazing Star Merger Sub, Inc. disclaims any obligation to update them except as required by law.
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Johnson City PressJohnson City Press
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Blazing Star Merger Sub, Inc. announces final results for the previously announced Tender Offer and Consent Solicitation for any and all Walgreens Boots Alliance, Inc.'s 3.600% senior notes due 2025, 2.125% senior notes due 2026, 3.450% notes due 2026, 8.

NEW YORK, Aug. 27, 2025 /PRNewswire/ -- Blazing Star Merger Sub, Inc. (the "Offeror" announced today the final results as of 5:00 p.m. (New York City time) on August 27, 2025 (the "Expiration Time"), for the previously announced cash tender…

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WRIC broke the news in Richmond, United States on Wednesday, August 27, 2025.
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