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Walgreens abandons plan to sell UK's largest pharmacy chain Boots
short by Hiral Goyal / on Tuesday, 28 June, 2022
Walgreens is abandoning the sale of Boots, Britain's largest drugstore chain, citing "unexpected and dramatic change" in the global financial markets. The company said that no third party was able to make an adequate offer. Notably, Walgreens had been in talks with a consortium between Reliance Industries and Apollo Global Management over the sale of Boots for over $6.1 billion.
read more at Reuters