Deals
Walgreens Contacts Potential Buyers for £7 Billion Boots Drugstore Chain
Pedestrians pass a Boots store in London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Walgreens Boots Alliance Inc. is reaching out to potential buyers of the £7 billion ($8.8 billion) Boots drugstore chain in the UK, according to people familiar with the matter.
The Deerfield, Illinois-based company is working with advisers to hold early-stage discussions with would-be bidders, said the people, who asked not to be identified because the matter is confidential. No formal sale process has begun, they said.