Canada's Weston family strikes a £6.7bn deal to buy Boots from Sycamore Partners
Summary
The billionaire Weston family of Canada has struck a deal to buy Boots for £6.7bn ($8.9bn), in an agreement announced on Wednesday afternoon. Wittington Investments, the company representing the Westons' Canadian operations, said on Wednesday it will buy Boots from its private equity owners, Sycamore Partners. The deal includes Boots' retail operations in the UK and Ireland, Boots Opticians, the No7 Beauty Company, and its Thailand and franchise arm. City A.M. says it scuppers hopes that the high street giant could return to the London Stock Exchange.
Latest: Canada's billionaire Weston family struck a deal to buy Boots for £6.7bn ($8.9bn) from its private equity owners, Sycamore Partners.
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How it unfolded
Wednesday 7 October
Canada's billionaire Weston family struck a deal to buy Boots for £6.7bn ($8.9bn) from its private equity owners, Sycamore Partners.
- 10:25Evening StandardBoots to be bought by Canada’s Weston family for £6.7bn
- 10:19The IndependentBoots sold to Canada's Weston family in £6.7 billion takeover deal
- 10:00The IndependentBoots to be bought by Canada’s Weston family for £6.7bn
- 09:37City A.M.Billionaire Weston family buys Boots for $9bn