Walgreens Stock Jumps as Drugstore Chain Nears $10B Take-Private Deal | Global News Avenue

Walgreens Boots Alliance(WBA) Stocks are jumping around A report shows that struggling pharmacy chain is reaching a deal with acamworm partner, with 5% of deals in the listing deal on Tuesday in private About $10 billion.

according to Wall Street JournalCiting people familiar with the matter, pharmacy companies and private equity firms aim to close the deal in a “last-minute barrier” that bans “last-minute barrier” from derailing on Thursday. this Magazine The report said Unprotected steril will pay $11.30 per share and Walgreens’ cash of $11.40 per share, the deal will include “the right to increase value if certain targets are met later, which will increase value.”

Journal It also reported that if the deal passes, Sycamore will retain its core U.S. retail business and sell or disclose other parts of the company.

Walgreens and Sycamore partners did not immediately respond to requests for comment.

Walgreens shares have been rising this year Previous reports The private equity firm is negotiating a private pharmacy. The company has been struggling and announced in October A plan Close approximately 1,200 “underperforming” stores over the next three years and temporarily Suspend its quarterly dividend Save cash earlier this year.

Walgreens shares have risen 10% this year, but lost half of their value in 12 months on Monday.