Walgreens Considers Private Sale to Sycamore Amid Stock Surge and Cost-Cutting Plans
Walgreens Boots Alliance is in discussions with Sycamore Partners to potentially go private, causing a 25% surge in its stock. Additionally, Walgreens, CVS, and Walmart won a legal case in Ohio, reversing a $650.9 million opioid crisis verdict. Despite these developments, Walgreens plans to close 1,200 stores by 2027 due to financial challenges, reflecting broader industry trends of pharmacy closures.