Nov 12, 2019
Boots' parent firm Walgreens 'gets record buyout offer'
Boots' parent company, Walgreens Boots Alliance, has reportedly received a buyout offer from private equity group KKR, which, if it goes through, would be the biggest of its kind on record. KKR sold its final shares in Walgreens from a previous buyout three years ago. Stephen Scwarzman, chief executive of equity group Blackstone, said last week any deal to buy Walgreens would be a "Stretch" in current market conditions. Walgreens has a reported market value of about $56bn and is nearly $17bn in debt. As part of that process, Boots announced in June that it will shut 200 shops across the UK. Neither Walgreens nor KKR has commented on the reports.
Related companies
Make a complaint about Boots by viewing their customer service contacts.
