Walgreens Boots Alliance Considers Selling to Private Equity Firm Sycamore Partners

Walgreens Boots Alliance Inc., the pharmacy store chain, is reportedly in discussions to sell itself to New York-based private equity firm Sycamore Partners, according to The Wall Street Journal. This move could take the company private after a decade of declining stock prices.

Sources familiar with the matter suggest that the deal could be finalized as early as next year. The potential acquisition has already had a significant impact on Walgreens' stock, which surged by 19.10% to $10.54 per share following the news.