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)
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