Walgreens Stock Jumps on Report It's Looking To Boot Boots
WBAWalgreens Boots Alliance(WBA) Investopedia·2024-05-14 01:55

Key Takeaways Walgreens Boots Alliance has reportedly begun efforts to solicit potential buyers for its U.K.-based Boots pharmacy chain. Bloomberg said Boots could be valued at 7 billion British pounds ($8.8 billion). Walgreens looked to sell Boots previously, but gave up in June 2022 as volatile financial markets prevented suitors from offering enough for the unit. Walgreens Boots Alliance (WBA) shares jumped in intraday trading Monday following a report that the big drugstore chain has been reaching out t ...