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Weston Family to Buy Boots for $8.9 Billion

Original: boots

Canada's Weston family has agreed to buy British high-street pharmacy chain Boots in a deal valued at $8.9 billion, according to the Wall Street Journal. The takeover puts one of Britain's best-known retail names under Canadian ownership and is drawing attention on both sides of the Atlantic, with observers watching what it means for Boots' stores, staff and customers.

Why now: The announcement of a major $8.9 billion takeover of an iconic British retailer is fresh business news.

BootsWeston familyWall Street JournalCanadaUnited Kingdom

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