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Walgreens Boots Alliance To Be Taken Private By Sycamore In $23.7 Bln Deal; Stock Up In After-hours

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Walgreens Boots Alliance Inc. (WBA) agreed to be taken private by the private equity firm Sycamore Partners in a transaction valuing the beleaguered drugstore chain at up to $23.7 billion. Total consideration consists of $11.45 per share in cash and additional potential value of Up To $3.00 in cash per WBA share from future monetization of villageMD businesses.

The cash consideration represents a premium of 29%, and the total consideration represents a premium of up to 63%, to the WBA closing share price of $8.85 on December 9, 2024, the day prior to the first media reports regarding a potential transaction.

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