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Mukesh Ambani set to benefit as Issa brothers, TDR mull quitting Boots race

The Issa-TDR group had been one of the two main suitors remaining in the contest. They were bidding for Boots through Asda Group Ltd

Photo: Bloomberg

Photo: Bloomberg

A consortium backed by the billionaire Issa brothers is considering dropping out of the bidding for Walgreens Boots Alliance Inc.’s international arm due to disagreements over price, people with knowledge of the matter said. 

The Issas, who were bidding together with TDR Capital, balked at a request by Walgreens to increase their offer for the Boots drugstore chain and are now thinking about walking away, the people said. Shares of Walgreens pared earlier gains and closed up 1.4% Thursday in New York. 

The situation is fluid, and the investor group could still reenter the race if it can reach a

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First Published: May 27 2022 | 12:41 PM IST

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