Reported 16 days ago
Walgreens Boots Alliance (WBA) shares surged on Tuesday following reports that the pharmacy chain is negotiating a potential sale to Sycamore Partners. The Wall Street Journal indicated that a deal could be finalized early next year, contingent on successful negotiations. Despite this surge, Walgreens plans to close around 1,200 stores over the next three years and has seen its stock value drop significantly over the past year.
Source: YAHOO