Boots owner WBA agrees to 23.7 billion dollar buyout deal

Walgreens Boots Alliance (WBA), the parent company of British pharmaceutical chain Boots, has come to a definitive agreement to be acquired by a subsidiary associated with private equity firm Sycamore Partners. The deal, with a transaction valued at 23.7 billion dollars, will ultimately take WBA private, removing the company’s listing from the Nasdaq Stock Market.