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Drugstore chain Walgreens Boots Alliance On Thursday, he announced that he would become private.
The fighting company has concluded a contract with a private capital Sycamore Partners company worth $ 10 billion. Sycamore will pay $ 11.45 per share on Thursday, an 8% premium for a $ 10.60 in stock on Thursday. The company’s shares have grown almost 6% in extended trading.
Walgreens shareholders could also receive an additional $ 3 in cash from the future debt of debt and the capital of the company in Villagemd.
Walgreens could ‘aggressively’ reduce costs if privately owned, says an analyst
Walgreens Boots Alliance has made a contract with a private capital Sycamore Partners company worth $ 10 billion. (Leonardo Munoz / ViewPress / Getty Images)
Company market value It has decreased to just over $ 9 billion with almost $ 100 billion a decade ago, as markers at drug prices fell, and consumers switched to cheaper Rivala Amazon and Walmart to meet their recipes and buy toilet supplies.
And when the rivals are diverse in prescription or managing, Walgreens invested billions by buying other pharmaceutical chains despite the trend away from shopping at the store.
As a result, the second largest Us pharmacy The liabilities of the chains and lease have committed to almost $ 30 billion.
Walgreens shareholders could also receive an additional $ 3 in cash from the future debt of debt and the capital of the company in Villagemd. (Luke Sharrett / Bloomberg via Getty Images / Getty Images)
“As a private company, WBA [Walgreens Boots Alliance] In our opinion, it would have greater flexibility for major changes in business and aggressively reduced costs to try to deal with recent challenges with pharmacy operational margins and Retail of retail products From increased online competition, “analyst of CFRA research by Paige Meyer said in December.
Why are neighboring pharmacies close
In October, the company, which struggles with the competition of rival like Amazon, has announced that it plans to close at least 1,200 stores over the next three years. This move is part of his effort to close the “significant” number of weak places in the US in response to these challenges.
In October, the company, which struggles with the competition of rival like Amazon, has announced that it plans to close at least 1,200 stores over the next three years. (East / East)
Sycamore Partners, a private capital company specializing in retail investment and consumers, has records on the acquisition of troubled traders for profit; Among them were brands like Staples, Talbots and Nine West.
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Fox Business’ Daniella Genovese and Reuters contributed to this report.
