Walgreens’ Breakup Nears
Shares of Walgreens Boots Alliance climbed nearly 5% in premarket trading following a report in The Wall Street Journal that the struggling drugstore chain plans to sell itself to Sycamore Partners for $10 billion. The report said the deal could be announced as soon as Thursday.
Sources familiar with the deal told WSJ that Sycamore would pay between $11.30 and $11.40 per share in cash to take the pharmacy chain private, following a decade of crashing stock value.
Walgreens’s market value peaked at $100 billion in 2015 but collapsed to less than $8 billion late last year. WSJ first revealed Sycamore’s interest in Walgreens in early December, which sent shares bouncing off a 28-year low.
Walgreens Shares Spike Off 28-Year Lows On Private-Equity Interest; Report https://t.co/vaL8wbpNEa
— zerohedge (@zerohedge) December 10, 2024
The struggling pharmacy chain has faced a decade of sliding margins in its core prescription business after it doubled down on its retail pharmacy operations. Meanwhile, competitor CVS Health diversified into insurance and pharmacy benefits. A move into primary care failed to reverse its fortunes.
WSJ noted that Sycamore would take Walgreens off the public market in the deal, likely leading to the pharmacy chain’s breakup. This means that Sycamore keeps its core US retail business while selling off other parts of the company, including British pharmacy chain Boots, U.S. healthcare provider Village MD, US drugstore chain Duane Reade, and No7 Beauty Co.
Last week, Deutsche Bank analyst George Hill noted that Walgreens shares had risen too much in anticipation of Sycamore’s acquisition and assigned a $9 price target.
“The deal strikes us as incredibly complicated and unlikely to be consummated at a premium to the current share price,” Hill told clients.
The latest data from the pharmacy chain shows 12,500 locations worldwide and employs about 312,000 people.
Walgreens has previously explored going private. In 2019, private equity firm KKR made a $70 billion offer for the pharmacy chain when Walgreens had a market value of over $50 billion. That valuation has since plunged to approximately $8.9 billion.
Tyler Durden Tue, 03/04/2025 – 10:20
Source: https://freedombunker.com/2025/03/04/walgreens-breakup-nears/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,682,290,333 |
| Stories: | 8,371,878 |
Whistler Blowers, Insiders
