tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Walgreens in talks to be acquired by Sycamore Partners, WSJ reports

Walgreens (WBA) is in talks to sell itself to private-equity firm Sycamore Partners in a deal that could be completed early next year, Cara Lombardo, Lauren Thomas and Anna Wilde Mathews report, citing people familiar with the matter. Sycamore would likely sell off pieces of the business or work with partners on the deal, a source told the Journal. Shares of Walgreens jumped 6% to $9.38 following the report before halting for volatility.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1