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Report: Walgreens Discusses Sale to Private Equity Firm Sycamore Partners
PYMNTS.com December 10, 2024
Walgreens Boots Alliance and Sycamore Partners are reportedly discussing a deal that would see Walgreens sold to the private equity firm.
A deal could be completed early next year, although the talks could fall apart first, The Wall Street Journal reported Tuesday (Dec. 10), citing unnamed sources.
Reached by PYMNTS, a Walgreens spokesperson said the company does not comment on rumors or speculation about its business.
Sycamore Partners declined to comment on the report.
Walgreens, which operates more than 12,000 stores in the United States, Latin America and Europe, has been under pressure because of its acquisition of Alliance Boots and challenges facing the pharmacy business, according to the report.
The firm’s shares have been heading downward for nearly a...
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