Boots owner set to lose billions on sale of health and beauty giant
US retailer Walgreens faces losing billions after the private equity firms earmarked to take over Boots valued the retailer much lower than Walgreens’ official price tag.
Private equity firms CVC and Bain, which had joined forces for a potential bid, originally indicated they would be willing to offer £4bn for Boots, according to The Telegraph. The two companies have now exited the sales process without lodging a formal offer.
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