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(Reuters) -Walgreens Boots Alliance is in talks to sell itself to private equity firm Sycamore Partners, according to a person familiar with the matter, the latest attempt by the pharmacy chain ...
The pharmacy mega-giant shot up 18% on Tuesday following The Wall Street Journal's report, raising the company's value by about $1.5 billion.
Sycamore Partners, a US firm which owns the stationary brand Staples, said to be potential buyer
Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois. [2] The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots (owner of Boots UK Limited) that it did not already own.
Sycamore also sold over 300 Dollar Express stores to rival, Dollar General. [ 27 ] In July 2020, it was announced that Sycamore Partners had made a $1.75 billion offer to acquire department store chain and competitor JCPenney out of bankruptcy, and would rebrand 250 JCPenney stores to the Belk name, to help the chain compete directly with Macy's.
In 2022, they attempted to acquire pharmacy chain Boots, but its American owners Walgreens decided not to sell it, and took it off the market. [30] In 2023, the brothers emerged as potential bidders for Subway, however it would end up being sold to Roark Capital Group. [31] Attempts to acquire Caffè Nero in the early 2020s were not successful ...
Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher Tuesday.
After a dreadful 2024 that saw its stock lose more than 60% of its value, 2025 has started off as a better year for Walgreens Boots Alliance (NASDAQ: WBA), with the stock skyrocketing after the ...