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Sycamore Partners will buy Walgreens Boots Alliance for nearly $10 billion, closing 1,200 US stores.
Walgreens Boots Alliance is set to be taken private by Sycamore Partners in a deal valued at nearly $10 billion.
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.
The company is also planning to close 1,200 of its US locations.
The deal represents a nearly 30% premium over its December share price.
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Sycamore Partners comprará Walgreens Boots Alliance por cerca de $10 mil millones, cerrando 1.200 tiendas estadounidenses.