BUZZ-Walgreens rises after report Sycamore planning a three-way split after buyout
ReutersFeb 27, 2025 1:38 PM
Shares of pharmacy chain Walgreens Boots Alliance WBA.O rise 4.80% to $11.57 premarket
Sycamore Partners plans to split co's three main businesses into separate units with distinct capital structures after taking it private, the Financial Times reports, citing people familiar with the matter
The financing for a potential take-private of the troubled retailer is not anticipated to be an obstacle, the report added
Sycamore Partners declined to comment, WBA did not immediately respond to a Reuters request
Walgreens has been reportedly in talks to sell itself to private equity firm Sycamore, but no deal has been reached yet
Shares fell ~47% in the last 12 months
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