Walgreens working with advisers on Boots sale, Bloomberg reports

Walgreens Boots Alliance is reaching out to potential buyers of its Boots drugstore chain in the UK, Dinesh Nair and Vinicy Chan of Bloomberg report, citing people familiar with the matter. Walgreens is working with advisers to hold early-stage discussions with would-be bidders, sources told Bloomberg. The chain could be valued up to $8.8B, according to the journalists. Shares of Walgreens are up 5% to $18.05 following the report.