Walgreens: Boots owner to be taken private under $10bn deal

Published On Mar 6, 2025, 10:04 PM

Walgreens Boots Alliance is set to be taken private in a $10 billion deal with private equity firm Sycamore Partners. This acquisition ends its nearly century-long presence on public markets, driven by financial struggles including growing debt and declining foot traffic as customers shift online. Following recent store closures, Walgreens shares increased nearly 6% in after-hours trading, although the stock has fallen significantly over the last five years. The deal could be finalized by the end of this year.