If Walgreens Sells To Private Equity, Deal May Join Others Under Fire
If Walgreens Boots Alliance follows through with a sale to private equity, the company might join other healthcare deals under scrutiny for selling out to such investors.
Boots owner Walgreens mulls reportedly listening to private equity overtures
Walgreens Boots Alliance Inc (NASDAQ:WBA, ETR:W8A), the US-based pharmacy giant and owner of Boots, is reportedly in talks to sell itself to Sycamore Partners, a New York private equity firm. According to The Wall Street Journal, the deal could be finalised early next year, raising questions about the future of Boots, the UK's best known high street pharmacy chain.
Walgreens could 'aggressively' cut costs if privately owned, analyst says
Walgreens will have more freedom to aggressively cut costs if it becomes privately owned, one industry analyst said. The company is reportedly in talks with Sycamore Partners.
What's Happening With Walgreens Stock?
Walgreens stock surged 18% on December 10 after reports emerged that it was being sold to a private equity investor. Walgreens is likely discussing a deal with New York-based Sycamore Partners that could close early next year.
S&P 500 Gains and Losses Today: Walgreens Pops Following Reports of Buyout Talks
Major U.S. equities indexes slipped lower on Tuesday ahead of Wednesday morning's Consumer Price Index (CPI) report, a key gauge of inflation that could influence next week's interest rate decision by the Federal Reserve.
Walgreens Shares Surge 20% Around Reported Potential Selloff Of Drugstore Chain
Walgreens shares surged Tuesday, posting their highest price since October after The Wall Street Journal reported the drugstore chain is in talks to sell itself to a private equity firm following financial struggles and a plummeting stock price.
Why Walgreens Boots Alliance Soared Today
Shares of Walgreens Boots Alliance (WBA 18.64%) soared 20% on Tuesday, as of 2:35 p.m. ET.
Walgreens Stock Jumps on Talk of Potential Sale
Walgreens Boots Alliance (WBA) shares soared Tuesday afternoon on a report that the struggling pharmacy chain is in talks to sell itself to Sycamore Partners.
Walgreens shares surge amid rumored Sycamore go-private deal
Walgreens Boots Alliance Inc (NASDAQ:WBA, ETR:W8A) shares soared over 20% on Tuesday following reports that private equity firm Sycamore Partners is in talks to take the struggling drugstore chain private. The Wall Street Journal reported that Sycamore, known for acquiring troubled retailers like Staples and Belk, is reportedly exploring a deal that could involve breaking up Walgreens.
Walgreens in Talks to Sell Itself, Says Report. The Stock Is Soaring.
The Wall Street Journal says Walgreens and Sycamore Partners have been discussing a deal that could be finalized early next year.
Report: Walgreens In Talks To Go Private
Walgreens Boots Alliance is considering a sale to private equity firm Sycamore Partners, according to a new report.
Walgreens' stock rockets higher on report of talks to sell itself to private equity
Shares of Walgreens Boots Alliance Inc. were up sharply on Tuesday after the Wall Street Journal reported that the drugstore chain was in discussions to sell itself to private-equity firm Sycamore Partners.
