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Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots

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By Martin Baccardax “As a result of market instability … no third party has been able to make an offer that adequately reflects the high potential value of Boots,” Walgreens said. Updated at 8:12 am EST Walgreens Boots Alliance (WBA) – Get Walgreens Boots Alliance Inc. Report shares moved lower Tuesday after the drugstore and healthcare group abandoned plans to sell its U.K. business. Britain’s Sky News had first reported that Walgreens, which had planned to auction the division, known as Boots the Chemist, in a process that could have valued Britain’s biggest drugstore chain at more than $1…

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