Walgreens Boots Shares Rise Premarket on Report of Pending Buyout Deal

Dow Jones

03-04

By Colin Kellaher

Shares of Walgreens Boots Alliance moved higher in premarket trading Tuesday after The Wall Street Journal reported that the drugstore chain is closing in on a roughly $10 billion deal to be acquired by private-equity firm Sycamore Partners.

The planned deal would see Sycamore paying between $11.30 and $11.40 a share in cash for Walgreens, The Journal reported, citing people familiar with the matter.

The sides are aiming to complete a deal as soon as Thursday, according to the report.

Walgreens shares were recently up 6% at $10.88 in premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 04, 2025 06:29 ET (11:29 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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