Walgreens Chair Pessina to Increase Stake Following Sycamore Acquisition Deal

Reported 1 day ago

Stefano Pessina, the executive chair of Walgreens Boots Alliance, is set to nearly double his ownership stake in the company to around 30% as part of a $10 billion acquisition by Sycamore, according to the Financial Times. Pessina, who currently holds a 17% stake, will invest additional funds into Walgreens, while also enhancing his involvement ahead of a potential restructuring into separate business units.

Source: YAHOO

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