Walgreens to be acquired by Sycamore Partners
Walgreens Boots Alliance has announced it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners in a deal valued at $23.7 billion. Sycamore Partners is a private equity firm specializing in retail, consumer and distribution-related investments.
There are plenty of reasons to be skeptical that private equity will help Walgreens get out of turbulent times.
Walgreens Boots Alliance has entered into a definitive agreement to be acquired by an entity affiliated with private equity firm Sycamore Partners for up to $23.7 billion.
Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.
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