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Australian pharmacy group Sigma has withdrawn from discussions to acquire the UK's Boots chain, ending potential $10 billion talks.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.
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Australian pharmacy group pulls out of $10bn talks to buy Boots
Sigma Healthcare says deal for UK retailer would not meet its strategic objectives
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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
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