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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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
Read Full ArticleFuture of Boots once again uncertain following £7.8bn takeover of its US owner
THE future of Boots is again uncertain following a £7.8billion takeover of its US owner by a private equity firm. Pharmacy giant Walgreens Boots Alliance announced late on Thursday it had been acquired by Sycamore Partners at $11.45 (£8.85) a share. AlamyBoots’ future is again uncertain following a £7.8billion takeover of its US owner by a private equity firm[/caption] The price demonstrates a 90 per cent collapse in market value since the merge…
·United Kingdom
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Leaning Left2Leaning Right3Center10Last UpdatedBias Distribution67% Center
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C 67%
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