WASHINGTON (dpa-AFX) - Walgreens Boots Alliance Inc. (WBA) is nearing the final stages of a deal with Sycamore Partners to take the beleaguered drugstore chain private in a transaction valued at around $10 billion, the Wall Street Journal reported citing people familiar with the matter.
The report indicated that the agreement could be concluded as early as Thursday, pending any last-minute complications.
Sycamore Partners is expected to pay between $11.30 and $11.40 per share in cash, with additional value potentially tied to performance-based targets. If the deal goes through, Sycamore plans to retain Walgreens' core U.S. retail operations while selling off or taking public other parts of the company.
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