Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

India’s Reliance Industries Studying A Bid For Walgreens’s Boots Chain – $WBA $DIA

By John F. Heerdink, Jr.

Reportedly, Indian Billionaire Mukesh Ambani’s Reliance Industries Ltd is exploring a bid for drug retailer Walgreens Boots Alliance’s (WBA) UK-based Boots business. The Boots business spans 2,200 stores in the UK, including pharmacies, and health and beauty stores, according to the chain’s website. As per sources, Boots could be valued at as much as 7 billion pounds ($9.1 billion) in a sale.

In January, Walgreens informed that it was conducting a strategic review of the Boots business as the company renews its focus on domestic healthcare. Other suitors for Boots include TDR Capital, which owns supermarket chain Asda, a consortium of CVC Capital Partners and Bain Capital as well as U.S. investment firm Apollo Global Management Inc.

Walgreen Boots Alliance (WBA) is a pharmacy-led, health and well-being enterprise with a long history of trusted healthcare services, community pharmacy care, and pharmaceutical wholesaling dates. To learn more about Walgreen Boots Alliance (WBA) and to continue to track its progress please visit the Vista Partners Walgreens Boots Alliance Page.

Walgreens Boots Alliance and McKesson to Create German Wholesale Joint Venture

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: UPDATE 2-Reliance explores bid for Walgreens' Boots business - Bloomberg News in Reuters)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us