US owner of UK pharmacy chain Boots to be taken private in $10bn deal

Walgreens Boots Alliance sold to Sycamore Partners and ends almost a century of trading on public markets

The US owner of Boots is to be taken private in a $10bn (£7.8bn) deal that will mean further uncertainty for thousands of workers at the UK-based pharmacy chain.

Walgreens Boots Alliance, which operates more than 1,800 Boots stores in the UK, has been sold to the US private equity firm Sycamore Partners after struggling as customers have turned to online shopping for cheaper products.

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