Walgreens shares soar 20% on reported talks to sell itself to Sycamore Partners
Walgreens is in talks to sell itself to private equity firm Sycamore Partners, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The second largest US pharmacy chain operator had previously attempted to go private in 2019 but was unsuccessful. At the time, it was valued at more than $55 billion.
Sycamore Partners Is in Talks to Acquire Walgreens
Sycamore Partners is in talks to acquire struggling drugstore chain Walgreens Boots Alliance Inc., according to people familiar with the matter. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco,
Selling to private equity would give the pharmacy chain the leniency needed to execute an aggressive turnaround. Workers and ...
Walgreens surges amid buyout rumors with Sycamore Partners, but doubts remain on deal feasibility and long-term prospects.
Walgreens retreated 3.26% to $10.08 in Wednesday's pre-market trading, following Tuesday's 20% surge, as prominent market ...
The New York-based private equity firm has been having ongoing discussions about a deal to take Walgreens private, according ...
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