Walgreens Considers Sale to Sycamore Partners, Shares Surge
TL;DR Summary
Sycamore Partners is in discussions to acquire Walgreens Boots Alliance, potentially taking the struggling drugstore chain private. The news, initially reported by the Wall Street Journal, led to a significant stock surge, marking Walgreens' largest single-day gain since 1980. Walgreens has faced financial challenges, including a $3 billion loss in the fourth quarter and plans to close 1,200 stores. The company has been a potential take-private candidate for years, with previous interest from KKR & Co.
- Sycamore Partners Is in Talks to Acquire Walgreens Yahoo Finance
- Walgreens in Talks to Sell Itself, Says Report. The Stock Soars to Lead S&P 500. Barron's
- Why Walgreens Boots Alliance Soared Today Yahoo! Voices
- Exclusive | Walgreens Is in Talks to Sell Itself to Private-Equity Firm Sycamore Partners The Wall Street Journal
- Walgreens shares pop on report pharmacy chain could sell itself to PE firm Sycamore CNBC
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