Walgreens Confirms $24 Billion Take-Private Deal -- Barrons.com

Dow Jones

03-07

By Liz Moyer

Walgreens Boots Alliance has confirmed a $23.7 billion deal to be acquired by the private-equity firm Sycamore Partners.

The struggling drugstore chain operator said the deal is for $11.45 a share in cash, a 29% premium to its closing price on Dec. 9, before the first media reports of a potential transaction.

With the deal, the company said it would be "better positioned to become the first choice for pharmacy, retail, and health services." It will continue to operate under Walgreens, Boots, and other brands and maintain its headquarters near Chicago.

"While we are making progress against our ambitious turnaround strategy, meaningful value creation will take time, focus and change that is better managed as a private company," said CEO Tim Wentworth.

Shareholders will receive the cash for shares plus up to $3 in cash per share representing the future sale of the company's debt and equity interests in VillageMD, a health clinic business that includes Village Medical, Summit Health, and CityMD.

With the sale of the VillageMD assets, the total deal consideration is a premium of up to 63% of Walgreens' share price on Dec. 9.

Walgreens shares rose 5.7% in after hours trading on Thursday. They are up 13.6% this year on speculation that a take-private deal was coming. The shares are down 49% over the past 12 months.

Write to Liz Moyer at liz.moyer@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 06, 2025 18:15 ET (23:15 GMT)

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

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They are up 13.6% this year on speculation that a take-private deal was coming. The shares are down 49% over the past 12 months. \n</p>\n<p>\n     Write to Liz Moyer at liz.moyer@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. 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They are up 13.6% this year on speculation that a take-private deal was coming. The shares are down 49% over the past 12 months. \n</p>\n<p>\n     Write to Liz Moyer at liz.moyer@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2025 18:15 ET (23:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0321505439.SGD","symbol_name":"Schroder ISF Global Dividend Maximiser A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517140111","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517140111","pubTimestamp":1741302900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Walgreens Boots Alliance has confirmed a $23.7 billion deal to be acquired by the private-equity firm Sycamore Partners.The struggling drugstore chain operator said the deal is for $11.45 a share in cash, a 29% premium to its closing price on Dec. 9, before the first media reports of a potential transaction.With the deal, the company said it would be \"better positioned to become the first choice for pharmacy, retail, and health services.\" It will continue to operate under Walgreens, Boots, and other brands and maintain its headquarters near Chicago.\"While we are making progress against our ambitious turnaround strategy, meaningful value creation will take time, focus and change that is better managed as a private company,\" said CEO Tim Wentworth.With the sale of the VillageMD assets, the total deal consideration is a premium of up to 63% of Walgreens' share price on Dec. 9.Walgreens shares rose 5.7% in after hours trading on Thursday. They are up 13.6% this year on speculation that a t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4588":"碎股","BK4585":"ETF&股票定投概念","WBA":"沃尔格林联合博姿","BK4128":"药品零售","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD"},"translate_title":"沃尔格林确认240亿美元私有化交易--Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBA":0.9},"content_text":"By Liz Moyer \n\n\n  Walgreens Boots Alliance has confirmed a $23.7 billion deal to be acquired by the private-equity firm Sycamore Partners. \n\n\n     The struggling drugstore chain operator said the deal is for $11.45 a share in cash, a 29% premium to its closing price on Dec. 9, before the first media reports of a potential transaction. \n\n\n     With the deal, the company said it would be \"better positioned to become the first choice for pharmacy, retail, and health services.\" It will continue to operate under Walgreens, Boots, and other brands and maintain its headquarters near Chicago. \n\n\n     \"While we are making progress against our ambitious turnaround strategy, meaningful value creation will take time, focus and change that is better managed as a private company,\" said CEO Tim Wentworth. \n\n\n     Shareholders will receive the cash for shares plus up to $3 in cash per share representing the future sale of the company's debt and equity interests in VillageMD, a health clinic business that includes Village Medical, Summit Health, and CityMD. \n\n\n     With the sale of the VillageMD assets, the total deal consideration is a premium of up to 63% of Walgreens' share price on Dec. 9. \n\n\n     Walgreens shares rose 5.7% in after hours trading on Thursday. They are up 13.6% this year on speculation that a take-private deal was coming. The shares are down 49% over the past 12 months. \n\n\n     Write to Liz Moyer at liz.moyer@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 06, 2025 18:15 ET (23:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}