Walgreens has said its decision to halt the sale of Boots was, in fact, merely a “pause in the process”.
Walgreens ended a strategic review of Boots in June, saying it had decided to “retain ownership of its successful business”. It is thought that Walgreens received offers for the business far below the £7bn it had sought.
Chief executive Roz Brewer told analysts yesterday that the sale was simply paused, prompting fears that the US parent had little love for its 2,200-store offspring.
