Walgreens climbs on Sycamore's take-private deal for $10 billion

Walgreens Boots Alliance

07/03/2025 17:08

Updates

** Shares of pharmacy chain Walgreens Boots Alliance WBA.O rise 7% to $11.35 in afternoon trading

** WBA will be taken private by Sycamore Partners for $10 billion, the firms said late on Thursday

** Sycamore will pay $11.45 per share to WBA, a premium of 8% to the company's closing price of $10.60 on Thursday

** Stock has declined 88% since hitting a peak of $95.91 in 2015

** The transaction has a total value of around $23.7 billion, including payouts and debt - Leerink Partners investment bank

** "Given the size of the deal and number of moving parts involved (a potential split of the US business, Boots, and Health), we don't expect a competing bid to come over the top" - Leerink analysts

** Stock down 49.3% in the last 12 months, up to its last close

Walgreens stock graphic https://reut.rs/4i9iWYZ

 (Reporting by Christy Santhosh and Bhanvi Satija)

 ((Christy.Santhosh@thomsonreuters.com))