Boots owner sets deadline for £6bn takeover offers
The owner of Nottingham-based high-street chemist Boots has set a mid-May deadline for bids to take over the company, according to reports.
Sky News says that Walgreen Boots Alliance’s advisors, Goldman Sachs, have told those interested in taking over the chain that they need to table bids by May 16.
It is thought that the price set by WBA is in the region of £6bn – which may deter some suitors from making a bid.
Asda and Apollo Global Management are among those expected to be in the running to take over the historic Nottingham firm.
The news comes just weeks after a consortium including Bain Capital and CVC Capital Partners have decided against submitting a bid for the high street chemist giant because of price concerns.
