Walgreens Boots Alliance explores potential sale of £7bn UK Boots drugstore chain.
Walgreens Boots Alliance is in talks with potential buyers for its £7bn Boots drugstore chain in the UK, despite no formal sale process initiated. This news comes as Walgreens' shares have dropped 42% in the past year, partly due to the company's struggle to restore growth, leading to a dividend cut and a lowered profit outlook. A sale of Boots would undo a trans-Atlantic merger that took place over a decade ago.
May 13, 2024
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