Walgreens shares soar 20% on reported talks to sell itself to Sycamore Partners
Walgreens is in talks to sell itself to private equity firm Sycamore Partners, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The second largest US pharmacy chain operator had previously attempted to go private in 2019 but was unsuccessful. At the time, it was valued at more than $55 billion.
Walgreens has struggled lately due to declining prescription reimbursements and rising competition from Amazon and other ...
Selling to private equity would give the pharmacy chain the leniency needed to execute an aggressive turnaround. Workers and ...
Walgreens retreated 3.26% to $10.08 in Wednesday's pre-market trading, following Tuesday's 20% surge, as prominent market ...
Walgreens surges amid buyout rumors with Sycamore Partners, but doubts remain on deal feasibility and long-term prospects.
The New York-based private equity firm has been having ongoing discussions about a deal to take Walgreens private, according ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback