Diamond Member Pelican Press 0 Posted February 28, 2025 Diamond Member Share Posted February 28, 2025 This is the hidden content, please Sign In or Sign Up Sycamore planning a three-way split of Walgreens after buyout, FT reports (Reuters) -Sycamore Partners is planning a three-way split of Walgreens Boots Alliance if a deal to take the struggling pharmacy chain private is reached, the Financial Times reported on Thursday, citing people familiar with the matter. Walgreens’ three businesses – U.S. retail pharmacy, Boots *** and U.S. healthcare – will be separated and have distinct capital structures, according to the report. Sycamore and Walgreens both declined to comment on the report. Shares of the Deerfield, Illionois-based company rose 5% to $11.62 in early trading. The report “marks another twist in the potential go-private story” for Walgreens, Leerink analyst Michael Cherny said. Walgreens has reportedly been in talks to sell itself to private equity firm Sycamore since December, but a deal is yet to be reached. Media reports have also pointed to issues with financing for a buyout and discussion with Sycamore briefly falling out. The financing of the take-private deal is not expected to be an obstacle, according to the FT report. Walgreens’ executive chairman Stefano Pessina, who currently holds a 17% stake, is expected to maintain a significant share of the company, it added. (Reporting by Bhanvi Satija and Sriparna Roy in Bengaluru; Editing by Tasim Zahid and Shailesh Kuber) This is the hidden content, please Sign In or Sign Up #Sycamore #planning #threeway #split #Walgreens #buyout #reports This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/229691-sycamore-planning-a-three-way-split-of-walgreens-after-buyout-ft-reports/ Share on other sites More sharing options...
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