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Benzinga
Benzinga
Business
Shivani Kumaresan

Walgreens Retains Boots Business Ownership Amid Market Instability

Walgreens Boots United States Company WBA Rosalind Brewer Nasdaq Walgreens Boots Alliance Inc Europe Latin America
  • 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
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