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Sigma Healthcare Confirms Discussions to Acquire UK's Boots; Shares Down 4%

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Sigma Healthcare (ASX:SIG) confirmed that it is in preliminary discussions to acquire UK health and beauty retailer and pharmacy chain Boots, according to a Wednesday Australian bourse filing.

The company said there is no certainty that the talks would lead to any transaction.

According to a Tuesday Financial Times report, the company is competing with the billionaire Weston family, which is also in discussions to buy Boots in a potential $10 billion deal.

Sigma Healthcare's shares tumbled about 4% in recent Wednesday trade.

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