Walgreens Boots Alliance to Go Private in Major Sycamore Partners Acquisition

In a landmark transaction that marks the end of its nearly century-long public market presence, Walgreens Boots Alliance has been acquired by private equity firm Sycamore Partners for a total value of $10 billion. Shareholders will receive $11.45 per share in cash, with potential for up to an additional $3 per share depending on proceeds from future VillageMD asset sales.

The move comes as the pharmacy chain confronts substantial financial challenges, including a staggering $8.6 billion loss in fiscal year 2024. Its healthcare division VillageMD contributed significantly to these difficulties, reporting a $6 billion loss specifically in the second quarter of 2024.

Immediately following the acquisition, Sycamore Partners will implement a comprehensive restructuring plan that Read more...