Sigma Healthcare confirms ‘preliminary discussions’ to acquire Boots
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The news: Chemist Warehouse owner Sigma Healthcare has confirmed it has engaged in preliminary discussions to buy UK health and beauty retailer Boots.
The context: Sigma said it “continuously reviews opportunities that would create value for shareholders”. It noted there is no certainty any transaction will eventuate.
The Financial Times first reported that Boots owner Sycamore Partners began discussions with potential strategic buyers before Easter, with Sigma among a number of potential bidders.
The sources: ASX, Financial Times
