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Walgreens shares pop on report pharmacy chain could sell itself to PE firm Sycamore
CNBC December 10, 2024
Key Points
– Shares of Walgreens jumped about 20% on a report that the company is in talks to sell itself to private equity firm Sycamore Partners.
– Walgreens and Sycamore have been discussing a deal that could be completed early next year, The Wall Street Journal reported, citing people familiar with the matter.
– The report comes during a rough period for the retail pharmacy giant.
Shares of Walgreens jumped about 20% on Tuesday on a report that the company is in talks to sell itself to private equity firm Sycamore Partners.
Walgreens and Sycamore have been discussing a deal that could be completed early next year, The Wall Street Journal reported, citing people familiar with the...
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