Walgreens Boots Alliance (WBA.O) is reportedly in advanced talks to sell itself to private equity firm Sycamore Partners, marking another attempt by the pharmacy chain to go private following a sharp drop in its market value. The company, valued at $9 billion after an 18% stock surge on Tuesday, has been exploring potential buyers, with a deal expected as early as next year. Walgreens previously attempted to go private in 2019, when its valuation exceeded $55 billion. Challenges such as declining retail performance, low pharmacy reimbursement rates, and mounting debt have pressured the company, prompting restructuring efforts under new CEO Tim Wentworth. The Wall Street Journal first reported the discussions.
Walgreens in talks to be taken private by Sycamore Partners, source says (Reuters)
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