Walgreens Shares Surge Over 20% on WSJ Report of Sale Talks with Private-Equity Firm Sycamore Partners

Dec 10, 2024, 05:52 PM

Walgreens Boots Alliance Inc. is reportedly in talks to sell itself to private-equity firm Sycamore Partners in a deal that would take the pharmacy chain private, according to the Wall Street Journal. The transaction could be completed as early as next year. News of the potential sale prompted Walgreens shares to surge more than 20%, halting trading at one point. The company's market value has significantly declined over the past years, from over $100 billion at its peak in 2015 to about $9 billion today.