Browsing Tag
Galen Weston
3 posts
Why Fairfax is putting $2.3bn behind Wittington’s $8.9bn Boots takeover
Wittington Investments’ $8.9 billion acquisition of Boots brings one of Britain’s biggest pharmacy and beauty businesses under Canadian ownership, with Fairfax Financial Holdings committing up to $2.3 billion for a 50% equity interest. The strategic fit is compelling, but the transaction puts substantial capital behind a retailer that still needs continued investment in stores, digital commerce and healthcare services.
Fairfax commits up to US$2.3bn for 50% of Boots in US$8.9bn Weston partnership
Fairfax Financial Holdings Limited will commit up to US$2.3 billion to acquire 50% of Boots alongside Wittington Investments in a US$8.9 billion transaction that puts operating control with the Weston family.
Boots sold for $8.9bn as Weston family makes major return to UK retail
Wittington Investments and Fairfax Financial Holdings are acquiring Boots in an $8.9 billion transaction, putting the UK pharmacy and beauty retailer under owners with deep experience in grocery, pharmacy and consumer retail.