Advisory Board March 10, 2025
Sycamore Partners on Thursday announced that it has agreed to a $10 billion deal to acquire Walgreens Boots Alliance, meaning the pharmacy chain will go private after nearly 100 years as a publicly traded company.
Details on the deal
As part of the deal, Sycamore has agreed to pay $11.45 a share in cash for Walgreens, which represents an equity value of around $10 billion and 29% above where the pharmacy chain’s stock was trading last year.
Shareholders could also be paid an additional $3 per share, or around $2.7 billion, if Sycamore is successful in shedding the assets of the VillageMD primary care business.
The total value of the deal, including Walgreens’ roughly $9 billion in debt and...
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