Walgreens climbs after report says co nearing deal to go private
ReutersMar 4, 2025 10:22 AM
Shares of pharmacy chain Walgreens Boots Alliance WBA.O rise 6.4% to $10.92 premarket
Wall Street Journal reported late on Monday that Walgreens is closing in on a deal with private-equity firm Sycamore Partners for about $11.30 to $11.40 per share in cash
This comes to a total deal value between $9.76 bln and $9.85 bln
The sides are aiming to complete the deal as soon as Thursday, according to the report
Walgreens has been in talks to sell itself to Sycamore since December, according to reports, but a deal is yet to be reached
Up to last close, stock down 50.1% in the last 12 months
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