Walgreens Boots Alliance Inc. Nears Historic Deal

Walgreens Boots Alliance Inc. is reportedly on the verge of a monumental deal with private equity firm Sycamore Partners, aiming to go private in a transaction valued at approximately $10 billion. According to sources familiar with the matter, as reported by the Wall Street Journal, the discussions have reached a critical stage.

Details of the Deal

The negotiations suggest that Sycamore Partners is considering an offer in the range of $11.30 to $11.40 per share in cash. The parties involved are striving to finalize the agreement by Thursday, marking a significant milestone in the company's history.

Future Plans Post-Acquisition

Should the deal proceed as planned, Sycamore Partners intends to retain the core US retail operations of Walgreens. Meanwhile, other segments of the company are expected to be either sold off or taken public, according to the sources cited by the news agency.