Reported about 17 hours ago
Walgreens Boots Alliance shareholders have approved a $10 billion buyout by private equity firm Sycamore Partners. This decision comes amid significant challenges for national pharmacy chains, leading Walgreens to announce the closure of over 1,000 stores by 2027. As part of the deal, shareholders will receive $11.45 per share, with potential additional earnings from Walgreens' future business ventures. The buyout will allow Walgreens to operate privately, enabling more strategic flexibility amid shifting market conditions.
Source: YAHOO