Becker's Healthcare February 18, 2025
Private equity firm Sycamore Partners’ bid to acquire Walgreens Boots Alliance and take it private is still possible, Bloomberg reported Feb. 18.
CNBC’s David Faber upgraded the deal to “alive” on Feb. 18 after previously saying Jan. 27 that the deal was “mostly dead,” according to the report.
Bloomberg reported Jan. 31 that Sycamore had been talking with private credit firms about debt financing for a possible Walgreens deal.
Jeff Jonas, a portfolio manager at Gabelli Funds and a Walgreens investor, told Bloomberg that a prospective acquisition would be complicated because the drugstore chain carries a lot of debt, which makes a leveraged buyout challenging. He remains skeptical of a deal.
Walgreens announced Jan....
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