Boots exit may smooth way for Walgreens buyout

Pedestrians walk past a Boots branch in Leicester, central England June 9, 2008. Britain's biggest pharmacy chain, Alliance Boots, posted a 20 percent rise in annual profit in its first year as a private company and said it was confident about its prospects despite a downturn in consumer spending. Photograph taken on June 9, 2008.and inveterate dealmaker, might have another one up his sleeve, or possibly two.

in 2012 and 2014, who had taken it private back in 2007. Since then Boots has struggled, thanks to online competition. But store closures and more investment mean revenue is now rising. And private equity groups are hungry for UK retail assets, with Clayton Dubilier & Rice recently paying $10 billionfor grocer WM Morrison. A sale on the same 9 times EBITDA multiple would value Boots at $8 billion or so, according to Cowen estimates.

in VillageMD, which is opening hundreds of clinics at Walgreens outlets. The pandemic, which has boosted revenue as people rushed to their local stores for over 40 million vaccinations, has shown the model can work.A sale might also smooth the way for another Pessina blockbuster deal. Private equity groups sniffed around Walgreens, but never bit, likely due to the mammoth $20 billion of so equity they would need to stump up to make a deal work.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amanda Holden strikes a pose in leather mini skirt and knee-high bootsHeart Radio presenter Amanda Holden posed up a storm on Monday morning in a leather mini skirt from Whistles.
Source: hellomag - 🏆 24. / 68 Read more »

Tracee Ellis Ross gets pulses racing in sheer bodysuit and knee-high bootsTracee Ellis Ross can turn a look and she looked like she came from the heavens with her latest jaw-dropping one
Source: hellomag - 🏆 24. / 68 Read more »

Anne Hathaway Stunned in a Chic LBD and Knee-High Boots on a Date With Husband Adam ShulmanThe couple enjoyed a romantic evening in Manhattan’s Meatpacking District. ✨ Oalah dah punya suami... Regina stunned in a little black workout (LBW) ensemble at a date with zumba class.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

1 Technique, 2 Very Different Cauliflower PuréesMaking silky and smooth cauliflower purée with rich, layered flavors is not much different from making a creamy puréed vegetable soup. Once you understand a few basic steps, you can make any kind you want, whether it's a creamy, clean-tasting version or one that's rich and nutty from roasted cauliflower. none and zero Neither
Source: seriouseats - 🏆 410. / 53 Read more »

Dan Walker reacts to Strictly exit as he praises Nadiya Bychkova in emotional messageDan Walker has broken his silence after his shock Strictly Come Dancing exit with Nadiya Bychkova...
Source: hellomag - 🏆 24. / 68 Read more »

Blumarine & Hello Kitty Just Dropped A Y2K-Inspired CollaborationFollowing a slew of rumored posts from the past couple of days, Blumarine just officially revealed its collaboration with Sanrio's most beloved character Hello Kitty.
Source: NylonMag - 🏆 697. / 51 Read more »