Walgreens shares soar 20% on reported talks to sell itself to Sycamore Partners
Walgreens is in talks to sell itself to private equity firm Sycamore Partners, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The second largest US pharmacy chain operator had previously attempted to go private in 2019 but was unsuccessful. At the time, it was valued at more than $55 billion.
Walgreens has slipped behind CVS because it’s smaller than CVS, giving it less scale to negotiate prices with insurers and ...
Walgreens has struggled lately due to declining prescription reimbursements and rising competition from Amazon and other ...
Selling to private equity would give the pharmacy chain the leniency needed to execute an aggressive turnaround. Workers and ...
Experts said Tuesday night that the industry is facing hard times because of factors such as slowing sales and diminishing ...
Discover Walgreens' rise to become the second-largest pharmacy chain in the U.S., its challenges, store closures, market ...
Walgreens retreated 3.26% to $10.08 in Wednesday's pre-market trading, following Tuesday's 20% surge, as prominent market ...
The pharmacy group has been an obvious buyout target, but heavy lifting will be in order to push it over the finish line.
Three Walgreens stores are scheduled to close in the East Bay, a spokesperson confirmed to SFGATE on Thursday.
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