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Walgreens Is Going Private in a $10 Billion Deal After Being a Publicly Traded Company for Nearly a Century
Sycamore Partners to take Walgreens private in deal valued at $10B
Private equity firm Sycamore Partners has entered into a definitive agreement with Walgreens Boots Alliance to acquire the struggling retail pharmacy chain. | The confirmation follows weeks of speculation and rumors that Sycamore was planning to take over Walgreens and take the company private.
Walgreens agrees to be acquired by private equity firm for almost $10B
Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.
Drugstore chain Walgreens Boots Alliance Inc. is closing in on a roughly $10 billion deal to sell itself to Sycamore Partners, a private-equity firm, which would then take Walgreens private and likely break it up,
The Walgreens Boots Alliance Friday said the drug store chain is going private, acquired by private equity company Sycamore Partners in a $23.7 billion deal described as a "definitive agreement."
Walgreens Boots Alliance shares are jumping in premarket trading Tuesday, on a report that the troubled drugstore chain is nearing a deal with Sycamore Partners to be taken private for around $10 billion.
NEW YORK (AP) — Wall Street is higher in late trading on Friday, but only after careening through another wild day. It's a fitting ending to a brutal week of scary swings dominated by worries about the U.S. economy and uncertainty about what President Donald Trump will do with tariffs.
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