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flag Sycamore Partners will buy Walgreens Boots Alliance for nearly $10 billion, closing 1,200 US stores.

flag Walgreens Boots Alliance is set to be taken private by Sycamore Partners in a deal valued at nearly $10 billion. flag At $11.45 per share, with a potential additional $3 per share under certain conditions, this buyout aims to give Walgreens more flexibility to adapt to challenges like rising costs and theft. flag The company is also planning to close 1,200 of its US locations. flag The deal represents a nearly 30% premium over its December share price.

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