Walgreens Boots Alliance Inc. (WBA) is nearing the final stages of a deal with Sycamore Partners to take the beleaguered drugstore chain private in a transaction valued at around $10 billion, the Wall Street Journal reported citing people familiar with the matter.
The report indicated that the agreement could be concluded as early as Thursday, pending any last-minute complications.
Sycamore Partners is expected to pay between $11.30 and $11.40 per share in cash, with additional value potentially tied to performance-based targets. If the deal goes through, Sycamore plans to retain Walgreens' core U.S. retail operations while selling off or taking public other parts of the company.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.