Walgreens to go private in $10B deal

Published On Mar 6, 2025, 6:10 PM

Walgreens Boots Alliance has announced a $10 billion deal to become a private company, partnering with Sycamore Partners at a price of $11.45 per share, representing an 8% premium on its recent stock price. The deal aims to grant Walgreens more flexibility to make significant business adjustments, particularly in response to ongoing challenges within the pharmacy sector and stiff competition from online retailers. Additionally, shareholders could potentially receive up to $3 more based on the monetization of Walgreens' interests in VillageMD. The company has seen its market value plummet drastically over the last decade due to increased competition and falling margins in drug pricing.