Published 1 month ago • United States • Updated 1 month ago

Walgreens Seals $10 Billion Take-Private Deal With Sycamore

Walgreens Boots Alliance has agreed to a $10 billion acquisition by Sycamore Partners, with Sycamore paying $11.45 per share in cash.
Shareholders could additionally receive up to $3 per share depending on future sales from Walgreens' primary-care assets.
Walgreens plans to close 1,200 stores as part of a turnaround strategy, in addition to the 1,000 locations it has already shut down since 2018.
CEO Tim Wentworth stated that operating as a private company will help improve Walgreens' business without public scrutiny.

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Bryan Times

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Ohio pharmacy leader says Walgreens sale might be a good sign

Alarms in Ohio and beyond went up Thursday when pharmacy retailer Walgreens announced that it was selling itself to the private equity firm Sycamore Partners.

1 month ago

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NBC Connecticut

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Walgreens to close one location in Waterbury

Walgreens is closing one of its store in Waterbury. The company said the store at 11 Meriden Road in Waterbury is set to close on April 22 as part of the company’s plan to close 1,200 stores over the next three years. They said customers who get their prescriptions filled at this location will be notified by mail and their prescriptions will be automatically transferred to the nearest Walgreens, which is as at 649 W. Main St. in Waterbury. Walgr…

1 month ago·Connecticut, United States

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Ohio Capital Journal

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‘At rock bottom.’ Ohio pharmacy leader says Walgreens sale might be a good sign

(Stock photo Mint Images/Getty Images)Alarms in Ohio and beyond went up Thursday when pharmacy retailer Walgreens announced that it was selling itself to the private equity firm Sycamore Partners. The nation’s second-largest pharmacy chain was already in the process of closing thousands of underperforming stores, adding to mass closures in Ohio and nationwide. Private equity firms are known for buying distressed companies, selling off the valu…

1 month ago

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MedCity News

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Walgreens to Be Acquired by Sycamore Partners: Where Did the Retail Giant Go Wrong?

Walgreens is selling itself to the private equity firm Sycamore Partners. This comes after the company has faced increased competition from online retailers like Amazon. It remains to be seen, however, if Walgreens will perform better under Sycamore Partners. The post Walgreens to Be Acquired by Sycamore Partners: Where Did the Retail Giant Go Wrong? appeared first on MedCity News.

1 month ago

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