Updated
Updated · Bloomberg · Jun 15
Sigma Healthcare Withdraws From $10 Billion Boots Sale Process
Updated
Updated · Bloomberg · Jun 15

Sigma Healthcare Withdraws From $10 Billion Boots Sale Process

3 articles · Updated · Bloomberg · Jun 15

Summary

  • Sigma Healthcare said Monday it has withdrawn from the sale process for Boots and ended discussions immediately.
  • The exit removes one of the parties that had been exploring a potential acquisition of the British pharmacy chain in a deal valued at as much as $10 billion.
  • Sigma gave no reason for the decision in its statement, leaving the status of other bidders and the wider sale process unclear.

Insights

Why did Sigma abandon a $10B Boots deal for a smaller, disruptive UK market entry?
With another sale collapsed, can iconic British pharmacy Boots successfully float on the stock market?
Is Chemist Warehouse's low-cost model a game-changer or a gamble for the UK pharmacy sector?