Financial News

Walgreen Boots Alliance Acquired by PE Firm

Sycamore Partners to pay up to $23.7 billion.

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By: TOM BRANNA

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Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion. The move ends nearly 100 years of trading on public markets for the US pharmacy giant. The price is a fraction of the $100 billion the second-largest US pharmacy chain was worth a decade ago. WBA’s fortunes fell as drug margins dropped. At the same time, consumers turned to cheaper options like Amazon and Walmart to fill prescriptions and buy toiletries. Sycamore, a private equity firm, will pay $11.45 ...

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