Walgreens agreed to pay about $2.8 million to the federal government and the states of Massachusetts and Georgia to settle allegations that the company inflated prices for generic medications covered by Medicaid.
Walgreens Boots Alliance (WBA -0.14%) may not be a publicly traded stock for much longer.
Walgreens (WBA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Walgreens Boots Alliance's executive chair Stefano Pessina will almost double his stake in the US pharmacy group to about 30% as part of its takeover by private equity group Sycamore, the Financial Times reported on Tuesday citing people familiar with the matter.
Troubled pharmacy chain Walgreens Boots Alliance Inc. NASDAQ: WBA has been a spectacular disappointment since completing its merging in 2014. Shares rose to a high of $97.14 following the union but had since fallen % to a low of $8.11 on November 21.
Walgreens Boots Alliance is being acquired by Sycamore Partners, causing shares to rise 7.5% to $11.39, though long-term shareholders face a 50.2% loss since January 2024. The deal includes a $23.7 billion enterprise value, with shareholders receiving $11.45 per share plus potential additional proceeds from VillageMD, though this extra compensation is uncertain. Despite challenges and declining profits, Walgreens Boots Alliance has shown revenue growth in core operations, suggesting the stock is undervalued even at the buyout price.
Shares in Walgreens Boots Alliance, Inc. (Nasdaq: WBA) are up a modest amount after the company announced yesterday that it has agreed to be purchased by private equity firm Sycamore Partners. As of the time of this writing, WBA shares are up under 7% to $11.33.
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David Faber breaks down the latest details on Sycamore's acquisition of Walgreens.
Walgreens Boots Alliance will be taken private by Sycamore Partners in a $10 billion deal, the companies announced Thursday, marking the end of nearly a century of public trading for the US pharmacy giant.
Walgreens Boots Alliance is being taken private by Sycamore Partners for $10 billion, bringing to a close the pharmacy chain operator's nearly century-long association with the public markets.
The US owner of Boots set to be taken private in a $10 billion deal, ending nearly a century as a publicly traded company. US private equity firm Sycamore Partners will buy the Walgreens Boots Alliance Inc (NASDAQ:WBA, ETR:W8A) for $11.45 per share, a price higher than its current market value.