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Walgreens exits public markets in $10 billion buyout deal
Walgreens Boots Alliance to be taken private by Sycamore Partners in a $10.0 billion transaction priced at $11.45 per share, with potential $3 per share extra if divestitures go well. The move ends a public-era milestone for the Deerfield retailer as Tim Wentworth leads a shift to private ownership. Chicago remains a key hub, with hundreds of local Walgreens workers and more than 100 stores in the city, raising questions about store closures and strategic reorganization under private ownership.
MENTIONED IN THIS ARTICLE
Algreens
Sycamore Partners
Walgreens Management
Walgreens
Stefano Pessina
Walgreens Boots Alliance
Sycamore
Tim Wentworth
Chicago
New York
Chicagoland
U.S
Bronzeville
South Chicago
South Shore
Little Village
Chicago Lawn
Charles Walgreen
Pessina
Alliance Boots
Roz Brewer
Brewer
Wentworth
Braintrust