Insight - It’s time for Walgreens to let US$7bil Boots walk


Tough call: People walk by a Walgreens, owned by the Walgreens Boots Alliance Inc in Manhattan. The executive chairman of the company is contemplating offloading the business. — Reuters

STEFANO Pessina, executive chairman of Walgreens Boots Alliance Inc, is the ultimate deal maker. He’s currently exploring the prospect of offloading the historic Boots business, which would enable the drugstore giant to concentrate on United States healthcare.

But a disposal won’t be straightforward. Pessina will need all of his skills to achieve a decent price for it.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Insight , Pessina , Wall Green Boots Alliance ,

   

Next In Business News

Investors take profit amid regional weakness
Malaysia's CPI rises 1.8% in March
DNB announces new board members comprising representatives from all five MNOs
Axiata, Sinar Mas move closer to US$3.5bil telco merger
Agricore gets Bursa nod to list on ACE Market
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain
Ringgit soft as US$ remains elevated
Product innovation drives sales of local plastic packaging
Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd

Others Also Read