Walgreens Retains Boots Business Ownership Amid Market Instability

• Walgreens Boots Alliance Inc (NASDAQ:WBA) has decided to retain its Boots and No7 Beauty Company businesses under its existing ownership.
• The decision marks the conclusion of the review that began in January.
• The discussions Walgreens had with potential buyers did not yield expected results as the recent market instability severely impacted the financial availability of the buyers.
• "It is an exciting time for these businesses, which are uniquely positioned to continue to capture future opportunities presented by the growing healthcare and beauty markets," said CEO Rosalind Brewer.
• Walgreens is an integrated healthcare, pharmacy, and retail company with about 13,000 locations across the U.S., Europe, and Latin America.
• Price Action: WBA shares are trading higher by 0.69% at $42.48 on the last check Tuesday.
• Photo Via Company