Reported 2 days ago
Walgreens Boots Alliance has secured a $10 billion agreement with Sycamore Partners to transition into a private entity after nearly a century on the public market. Following the announcement, Walgreens stock surged nearly 7% in premarket trading. This deal, which includes various divisions of Walgreens such as VillageMD and its pharmacy benefit manager, aims to strengthen the company's balance sheet and navigate challenges posed by evolving retail competition and an expanding e-commerce landscape.
Source: YAHOO