Australia's Sigma Pulls Out of Talks to Acquire UK's Boots
Australian pharmacy group Sigma has withdrawn from discussions to acquire the UK's Boots chain, ending potential $10 billion talks. This decision leaves the future ownership of Boots uncertain.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)Sources
Australian pharmacy group pulls out of $10bn talks to buy Boots
Sigma Healthcare says deal for UK retailer would not meet its strategic objectives
Read full article →Australia’s Sigma drops out of talks to buy UK’s Boots
End of discussions on takeover estimated at $10bn extends uncertainty for 177-year-old British chain Business live – latest updates The Australian pharmaceutical group Sigma Healthcare has dropped its pursuit of the UK retail chain Boots, abandoning a takeover estimated to be worth $10bn (£7bn). Sigma, a wholesaler and retailer, said on Monday that a deal to by the high street pharmacy business – which has 1,800 UK stores – would not meet its strategic and capital investment objectives. ...
By Reuters
Read full article →Coverage Timeline
Related Stories
Amazon's First Customer Receipt Goes Viral, Bezos and Musk React
just now
Philippines Faces Food Security Challenges Amid El Niño and Global Shocks
just now
Biliran Bridge Rehabilitation Nears Completion in Philippines
just now
Extreme Heat Causes Billions in Economic Damage and Over 200,000 Deaths in Europe
23m ago