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Walgreens Stock Jumps as Drugstore Chain Reportedly Nears $10B Take-Private Deal [Yahoo! Finance]
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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US:NASDAQ Investor Relations: investor.walgreensbootsalliance.com
the troubled drugstore chain is nearing a deal with Sycamore Partners to be taken private for around $10 billion. Citing people familiar with the situation, The Wall Street Journal said Sycamore would pay between $11.30 a share and $11.40 a share in cash for Walgreens. Walgreens and Sycamore Partners didn't immediately respond to requests for comment. Walgreens Boots Alliance ( WBA ) shares are jumping around 5% in premarket trading Tuesday after a report indicated the troubled drugstore chain is nearing a deal with Sycamore Partners to be taken private for around $10 billion. According to The Wall Street Journal , citing people familiar with the matter, the drugstore company and the private equity firm are targeting a completion of the transaction as soon as Thursday barring a “last-minute snag” that derails the deal. The Journal reported that Sycamore would pay between $11.30 a share and $11.40 a share in cash for Walgreens and the deal would include “contingent value rights
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