Future of Boots plunged into uncertainty as US owner begins takeover talks ...Middle East
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Getty THE future of Boots has been plunged into uncertainty while a buyout fund negotiates with its US owner. Pharmacy giant Walgreens Boots Alliance, which bought Boots in 2014, is understood to be in takeover talks with private equity firm Sycamore Partners. News of the talks leaked on Tuesday night, causing Walgreens’ shares to rocket. Walgreens Boots Alliance’s market value has collapsed in recent years, falling from a peak of $100billion (£78billion) in 2015 to $7.5billion (£5.8billion) earlier this week. Sources said there would be no immediate impact on Boots’ business. But it is likely that any buyer will try to run Boots as a separate British firm. Execu
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