Reported 2 days ago
Walgreens Boots Alliance is set to be taken private by Sycamore Partners in a $10 billion deal, marking the end of nearly a century of public trading for the pharmacy giant. The acquisition price reflects a significant decline in the company's value, which has dropped 90% since 2015. Sycamore, known for acquiring distressed retailers, plans to implement operational changes without the pressures of public shareholders. Walgreens has faced financial difficulties and is closing numerous stores, with efforts to stabilize its business ongoing.
Source: YAHOO