BUZZ-Walgreens rises after report Sycamore planning post-buyout split

Updates

Shares of pharmacy chain Walgreens Boots Alliance WBA.O rise 8.24% to $11.95 premarket

Sycamore Partners plans to split the company'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 says

*Report adds executive chair Stefano Pessina will maintain a significant shareholding as part of the deal

Sycamore Partners and WBA decline to comment

*This marks another twist in the potential go-private story for WBA - Leerink Partners

Walgreens has reportedly been in talks to sell itself to private equity firm Sycamore, but no deal has been reached yet

Shares of the company fell ~47% in the last 12 months