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The sale was first explored in 2022, and potential buyers are being contacted for $8.78 billion.
May 14, 2024
By: Rachel Klemovitch
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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