Walgreens Takes a Bold Step That Could Change Everything

Walgreens Boots Alliance has entered a $10 billion agreement to go private with Sycamore Partners, ending nearly 100 years as a public company. Sycamore will pay $11.45 per share in cash, with potential additional payouts for Walgreens' primary-care assets, bringing the deal's total value to $23.7 billion including debt. The transaction will close in the fourth quarter of 2025, resulting in Walgreens' common stock being removed from the Nasdaq Stock Market. The company's market value has decreased significantly from $100 billion in 2015 to approximately $9.8 billion today, with a reported net loss of $8.6 billion in fiscal year 2024, leading to the closure of around 1,000 stores since 2018 and plans for 1,200 more. The Sycamore acquisition allows Walgreens to prioritize business recovery without public pressure. Walgreens also faces legal challenges, including a lawsuit from Cooler Screens regarding the rollout of digital cooler doors.

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