Walgreen's $8bn bonanza cracks Boots target, shrinks € megadeal

Alliance Boots’ £12bn leveraged buyout in 2007 was a titanic and totemic deal, which symbolised the height of the pre-crisis LBO wave. This week, the financing was done that will remove the UK pharmacy group’s name from the corporate landscape, merging it with US chain Walgreens into WBA — Walgreens Boots Alliance.