Reported about 7 hours ago
Sycamore Partners is on the verge of acquiring Walgreens Boots Alliance Inc. in a deal valued at approximately $10 billion, which may end the company's tumultuous period as a public entity. The acquisition could involve breaking up Walgreens' diverse business segments, including its UK pharmacy chain Boots and US provider VillageMD, to streamline operations. Walgreens' stock has significantly declined over the past year, prompting the potential take-private move led by Chairman Stefano Pessina, who previously attempted to create a global pharmacy giant through the merger with Alliance Boots.
Source: YAHOO