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Boots owner agrees £18.4bn takeover deal with private equity firm

Walgreens Boots Alliance said private equity firm Sycamore Partners plans to pay its investors $11.45 (£8.86) per share.



Walgreens Boots Alliance agreed to a $23.7 billion (£18.4 billion) takeover by private equity firm Sycamore Partners at $11.45 (£8.86) per share, a 29% premium over Walgreens' mid-December share price. The deal follows a strategic review initiated three years prior and a 90% drop in Walgreens' value since 2014 due to rising costs and competition. The future of Boots under private equity ownership remains uncertain.

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