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@ Layer3.news
2025-03-07 00:00:40
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqg9c6539se4esjmfxlfa77r4axe2yfa5hjm6ssp53pndd5zrjjjp6q2wsmwk
WALGREENS AGREES TO ACQUISITION BY PRIVATE EQUITY FIRM FOR ALMOST $10 BILLION
https://d3i6fh83elv35t.cloudfront.net/static/2023/03/2021-11-26T230651Z_1070853724_RC2K2R9UIY1F_RTRMADP_3_WALGREENS-BOOTS-RESULTS-1024x683.jpg
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✍️ Walgreens Boots Alliance has agreed to be acquired by private equity firm Sycamore Partners for $10 billion, aiming to turn around its struggling business.
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👉 Walgreens will be acquired by Sycamore Partners for $10 billion
👉 The deal includes a premium of nearly 30% to the share price in December
👉 Walgreens has been struggling with thin prescription reimbursement, rising costs, and persistent theft
👉 The company has been making changes to improve its business, including closing 1,200 US locations and reviewing its VillageMD clinic business
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