Reported 1 day ago
Walgreens Boots Alliance is in discussions to be acquired by private equity firm Sycamore Partners due to a significant drop in its share price. The pharmacy chain is currently focused on negotiations with Sycamore after exploring other potential buyers. If finalized, this deal could mark a major acquisition for Sycamore, as Walgreens' market value recently hit $9 billion. The company, which has faced challenges like weak consumer spending and high debt, has also seen substantial stock declines this year.
Source: YAHOO