Monday 6 December 2021

WBA Exploring Sale Of Boots

Following on from rumours last month, a new report has suggested that Walgreens Boots Alliance (WBA) is lining up advisers to explore options for its Boots chain in the UK, including a sale that could value it at as much as £10bn.

According to Sky News, WBA will hire Goldman Sachs to examine the hiving off of the health & beauty chain, potentially via a sale or separate listing.

NamNews Implications:
  • NAMs have two options:
    • Await a formal announcement re new owners.
    • Conduct some what-ifs on possible outcomes and steal a march on rivals.
  • Either way, one outcome will be possible prices & terms disparities re a new retail rival.
  • (…off or online…)
  • In which case, best harmonise now before the new combo do it on your behalf…
  • Or in the case of a PE purchase, prepare for a whole new way of dealing with Boots.
  • See The Implications of Private Equity Takeover of a Mult

#TradeConcentration #Consolidation #Takeover

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