- Walgreens Boots Alliance Inc (NASDAQ: WBA) has reportedly received a takeover offer from Bain Capital for the Boots drugstore chain in the UK. These are the details.
Walgreens Boots Alliance Inc (NASDAQ: WBA) has reportedly received a takeover offer from Bain Capital for the Boots drugstore chain in the UK. Bain Capital reportedly started the talks about buying out Boots a couple of months ago, according to Times of London.
And Bain Capital is positioned to be a frontrunner in the auction. It is rumored that CVC Capital Partners, Carlyle, KKR, Advent International, and Clayton, Dubilier & Rice are also in the running for a deal. Plus other supermarket companies could also pursue a deal.
Currently, Boots owns about 25% of its stores and it could be valued at GBP 6 billion pounds (about $8.1 billion) to GBP 7 billion pounds (about $9.5 billion) in a sale.
AmerisourceBergen acquired Walgreen’s Alliance Healthcare operations for about $6.5 billion last year. Back in 2012, Walgreens bought a 45% stake in Alliance Boots for $6.7 billion. And then in 2014, Walgreens exercised an option to buy the remainder of Boots.
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