Walgreens buyout hopes remain alive, pushing stock higher
Perpetual market laggard Walgreens Boots Alliance is having a moment in the spotlight today. The troubled drugstore company is up big after the Financial Times reported that if private equity firm Sycamore Partners’ on-again-off-again plans to take the company private ever come to pass, it planned to split the company into three separate entities.
We’d venture that Walgreens’ share price move was less about the details of the report than about the fact that it confirmed the deal — word of which first emerged in December, before being declared dead, and then reemerging last week — was still being seriously considered.
We’d venture that Walgreens’ share price move was less about the details of the report than about the fact that it confirmed the deal — word of which first emerged in December, before being declared dead, and then reemerging last week — was still being seriously considered.
