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Boots gets new US owner in multi-billion dollar deal

  • Walgreens Boots Alliance has agreed to a deal with Sycamore Partners, ending its century-long status as a public company, valued up to $23.7 billion.
  • Sycamore will pay $11.45 per share, providing Walgreens shareholders with potential extra payments based on VillageMD's sale, giving Walgreens an equity value of about $10 billion.
  • Walgreens CEO Tim Wentworth stated that the transition to a private company will facilitate ambitious turnaround plans.
  • Boots may be sold off for £8 billion following significant store closures in the UK, as retail analytics suggest the high street is changing drastically.
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bucksfreepress.co.ukbucksfreepress.co.uk
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Boots is sold to private firm as 300 stores closes

The US owners of Boots have agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.

·High Wycombe, United Kingdom
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Daily Express broke the news in United Kingdom on Wednesday, March 5, 2025.
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