Walgreens Going Private in $10 Billion Sycamore Deal
Acquisition Marks Major Shift for Iconic Drugstore Chain
Walgreen Co. ranks No. 43 on the Transport Topics Top 100 list of the largest private carriers in North America. (Justin Merriman/Bloomberg News)
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Walgreens Boots Alliance Inc. agreed to be purchased by Sycamore Partners for $10 billion, the Wall Street Journal reported, turning one of the oldest, most recognizable U.S. drugstore chains into a private company.
Sycamore will pay $11.45 a share in cash for Walgreens, the Journal said March 6. The offer represents a roughly 8% premium to Walgreens’ closing price March 6 in New York.
A representative for Walgreens didn’t immediately respond to a message seeking comment.
Walgreen Co. ranks No. 43 on the Transport Topics Top 100 list of the largest private carriers in North America.
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