Mukesh Ambani’s Reliance Industries is now weighing a possible bid for Walgreens Boots Alliance Inc’s international drugstore unit, according to people familiar with the issue. It is an Anglo-Swiss-American holding company headquartered in Deerfield, IL, that owns the retail pharmacy chains Walgreens and Boots, as well as several pharmaceutical manuf-acturing and distribution companies.
According information, Reliance is in the early stages of exploring the feasibility of an offer for the Boots chain. Boots could be valued at as much as $9.1 billion. Deliberations are ongoing and there’s no certainty Reliance will decide to pursue an approach for Boots, according to sources. A representative for Walgreens declined to comment, while a spokesperson for Reliance couldn’t immediately be reached for comment.
