US EditionWalgreens shareholders approve $10 billion private equity buyout
DEERFIELD, ILLINOIS, JUL 11 – Walgreens shareholders approved the $14.45 billion acquisition with 96% voting in favor, enabling the company to restructure amid store closures and sector challenges.
- Walgreens Boots Alliance shareholders approved a $10 billion acquisition by Sycamore Partners, as announced on Friday.
- Walgreens plans to close over 1,000 stores by 2027 amid challenging market conditions.
- The deal will provide Walgreens shareholders with $11.45 per share and potential additional earnings based on future business outcomes.
- CEO Tim Wentworth stated that the partnership with Sycamore will help accelerate Walgreens' turnaround strategy.
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Associated Press News+11 Reposted by 11 other sources
Walgreens shareholders approve $10 billion private equity buyout
Shareholders of Walgreens Boots Alliance overwhelmingly approved the drugstore chain’s $10 billion acquisition by private equity firm Sycamore Partners, the companies announced Friday.
·United States
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Leaning Left3Leaning Right5Center8Last UpdatedBias Distribution50% Center
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