InsideArbitrage Potential Deal Alert: Walgreens (WBA) Is in Talks to Sell Itself to Private-Equity Firm Sycamore Partners

POTENTIAL DEAL DETAILS

The Wall Street Journal reported that Walgreens (WBA) is in talks to sell itself to a private equity firm Sycamore.

Walgreens Boots Alliance and Sycamore Partners have been discussing a deal that could be completed early next year, assuming talks don’t fall apart.

In 2019, Walgreens explored whether to go private following private equity interests. KKR & Co. (KKR) had also reached the drugstore giant, but the talks later fell apart.

Walgreens Boots Alliance, Inc. Investor Relations

Sycamore Partners Investor Relations

Update(s):

December 13, 2024: Sky News reported that Sycamore Partners is arranging debt funding for a prospective $10 billion-plus takeover deal to buy Walgreens Boots Alliance (WBA), with Bank of America (BAC), JP Morgan (JPM), and Wells Fargo (WFC) among those understood to be in the frame.

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