Walgreens Boots Alliance to be Taken Private by Sycamore Partners
Walgreens Boots Alliance Inc has entered into an agreement to be acquired by Sycamore Partners in a significant transaction. The deal values the company at a total of $4.25 billion, with shareholders set to receive $11.10 per share in cash.
The transaction includes an additional potential value from the future monetization of villageMD businesses, which could contribute to the overall value of the deal. Major banks are working on a funding package to support the acquisition.
The move is expected to have a positive impact on the company’s stock price, which has been struggling in recent years. The transaction is subject to regulatory approval and other customary closing conditions.
Key Transaction Details
- Total deal value: $4.25 billion
- Cash payment per share: $11.10
- Additional potential value from villageMD businesses: undisclosed
- Funding package: supported by major banks
- Regulatory approval: required for completion of the transaction