Walgreens shares soar 20% on reported talks to sell itself to Sycamore Partners
Walgreens is in talks to sell itself to private equity firm Sycamore Partners, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The second largest US pharmacy chain operator had previously attempted to go private in 2019 but was unsuccessful. At the time, it was valued at more than $55 billion.
Walgreens will have more freedom to aggressively cut costs if it becomes privately owned, one industry analyst said. The company is reportedly in talks with Sycamore Partners.
Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher ...
Walgreens has struggled lately due to declining prescription reimbursements and rising competition from Amazon and other ...
Walgreens retreated 3.26% to $10.08 in Wednesday's pre-market trading, following Tuesday's 20% surge, as prominent market ...
Sycamore Partners is in talks to acquire struggling drugstore chain Walgreens Boots Alliance Inc., according to people ...
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