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Issa Brothers, TDR May Drop Out of Boots Race

  • Consortium considers walking away due to price disagreements
  • Walgreens seeking £7 billion for British drugstore chain
A Boots pharmacists on Oxford Street in London.
A Boots pharmacists on Oxford Street in London.Photographer: Simon Dawson/Bloomberg
Updated on

A consortium backed by the billionaire Issa brothers is considering dropping out of the bidding for Walgreens Boots Alliance Inc.’s international arm due to disagreements over price, people with knowledge of the matter said. 

The Issas, who were bidding together with TDR Capital, balked at a request by Walgreens to increase their offer for the Boots drugstore chain and are now thinking about walking away, the people said. Shares of Walgreens pared earlier gains and closed up 1.4% Thursday in New York.