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Australian Billionaires’ Sigma Healthcare In Talks To Buy U.K.’s Boots In Deal Valued At $10 Billion
Sigma said the talks are at an early stage and no transaction is certain, as Boots weighs a sale instead of a London listing.
- On Wednesday, Sigma Healthcare confirmed it is in preliminary discussions to buy UK retail chain Boots, though the company stressed there is "no certainty" any transaction will take place.
- Since merging with Chemist Warehouse Group last year, Sigma has ramped up ambitions and recently entered the British market by acquiring a 75 per cent stake in Greenlight Healthcare.
- The Canadian branch of the billionaire Weston family, which controls Loblaws, is also in talks with Boots owner Sycamore Partners, which acquired the 177-year-old retailer for $23.7 billion just last year.
- Reports suggest the deal could be worth more than $14 billion, though a private sale would deal a fresh blow to the London Stock Exchange where Sycamore is still considering an initial public offering.
- Shares of Sigma closed down about 5.5% on Wednesday amid the announcement; the company stated it "continuously reviews opportunities that would create value for shareholders," while representatives for Boots and Sycamore declined to comment.
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Australian Billionaires’ Sigma Healthcare In Talks To Buy U.K.’s Boots In Deal Valued At $10 Billion
Sigma Healthcare—which counts Australian billionaire brothers Jack and Sam Gance and their business partner Mario Verrochi as its biggest shareholders—has been seeking to expand in the U.K.
·United States
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The IndependentReposted by 
perspectivemedia.com
perspectivemedia.comAustralia’s Sigma confirms talks over Boots takeover
It followed reports the Weston family is also holding discussions over a possible £7.5 billion deal.
·London, United Kingdom
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Coverage Details
Total News Sources24
Leaning Left4Leaning Right4Center4Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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