05.14.24
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.
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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.
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