😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Walgreens is reportedly contacting potential Boots buyers

Published 13/05/2024, 15:38
Walgreens is reportedly contacting potential Boots buyers
WBA
-

Walgreens Boots Alliance Inc (NASDAQ: NASDAQ:WBA) is gaining at writing following a report that it’s contacting buyers who may be interested in taking over Boots.

What is Boots UK worth?

The drugstore chain based out of Nottingham, United Kingdom is worth close to $9.0 billion.

Walgreens has already engaged with advisors to hold preliminary talks with the potential buyers, added a Bloomberg report on Monday.

What the Nasdaq-listed firm plans on doing with proceeds provided that it does indeed secure a deal remains unclear. Lowering the debt on its balance sheet, however, may be a possibility.

Shares of Walgreens Boots Alliance that currently pay a healthy dividend yield of 5.47% are now down more than 30% versus the start of 2024.

This is a developing story. Check back in a few minutes for more updates!

This article first appeared on Invezz.com

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.